๐ $HOT breaks below the 0.00047 level. There are often clusters of limit orders and stop-losses near key levels.
After a break below, stop-losses on long positions underneath can be triggered in a cascade, accelerating the sell-off. But if large buyers step in at lower levels, the price could also bounce back above the level.
Whatโs your take on this level?
After a break below, stop-losses on long positions underneath can be triggered in a cascade, accelerating the sell-off. But if large buyers step in at lower levels, the price could also bounce back above the level.
Whatโs your take on this level?
