Watch the money, not the talk: $ONE breaks through the 0.002 level
Key levels often have a large number of stop-loss orders sitting above and below them. Big money loves to make a move in places like this: either ride the breakout and push prices higher for a stretch, or use buying from momentum chasers to cash out. To tell the two apart, watch which way trading volume above and below the price level is skewed.
Key levels often have a large number of stop-loss orders sitting above and below them. Big money loves to make a move in places like this: either ride the breakout and push prices higher for a stretch, or use buying from momentum chasers to cash out. To tell the two apart, watch which way trading volume above and below the price level is skewed.