🐋 $BTW has fallen below the 1 level, where orders and stop-losses are usually most concentrated.
After a break below, stop-losses on long positions underneath can easily be triggered one after another, accelerating the sell-off. But if large buyers step in at lower levels, the price could also rebound above the level.
What do you think will happen next?
After a break below, stop-losses on long positions underneath can easily be triggered one after another, accelerating the sell-off. But if large buyers step in at lower levels, the price could also rebound above the level.
What do you think will happen next?