🐋 $ACT broke through the 0.012 level, where pending orders and stop-losses are usually most concentrated.
Once it moves above that level, short positions' stop-losses above it can easily be triggered all at once, driving a rapid move higher; but if volume doesn't keep up, the price can just as easily be pushed back below the level.
How do you interpret this information?
#ACT
Once it moves above that level, short positions' stop-losses above it can easily be triggered all at once, driving a rapid move higher; but if volume doesn't keep up, the price can just as easily be pushed back below the level.
How do you interpret this information?
#ACT