Follow the money: $TA breaks through the 0.1 level
Key levels are often lined with clusters of limit orders, and big players love to make their move in these areas: either drive prices higher on a surge in volume as the level breaks, or cash out into buying from momentum chasers. To tell the difference, watch which way the large orders above and below the price are skewed.
#TA
Key levels are often lined with clusters of limit orders, and big players love to make their move in these areas: either drive prices higher on a surge in volume as the level breaks, or cash out into buying from momentum chasers. To tell the difference, watch which way the large orders above and below the price are skewed.
#TA