$ARIA broke through the 0.12 level, where orders and stop-losses are usually most concentrated.
Once it gets above that level, short positions’ stop-losses above can be triggered in succession, driving a sharp move higher. But if volume doesn’t follow through, it can also get knocked back below the level—and it’s already back below 0.12 now.
Are you bullish or bearish from here?
Manage your own risk; I’m just sharing my thoughts.
Once it gets above that level, short positions’ stop-losses above can be triggered in succession, driving a sharp move higher. But if volume doesn’t follow through, it can also get knocked back below the level—and it’s already back below 0.12 now.
Are you bullish or bearish from here?
Manage your own risk; I’m just sharing my thoughts.