For those keeping an eye on capital flows: $ZRO has broken through the 1.5 level
Key levels usually have clusters of pending orders around them, and big players love to make their move in these areas: first, they may use a breakout accompanied by a surge in volume to drive prices higher; second, they may take advantage of buying from momentum chasers to cash out. To tell the two apart, watch which way trading activity around the price level is skewed.
Key levels usually have clusters of pending orders around them, and big players love to make their move in these areas: first, they may use a breakout accompanied by a surge in volume to drive prices higher; second, they may take advantage of buying from momentum chasers to cash out. To tell the two apart, watch which way trading activity around the price level is skewed.