🐋 $ARB breaks through the 0.18 level, where limit orders and stop-losses are usually most concentrated.
Once it moves above, short positions’ stop-losses overhead can easily get swept up all at once, triggering an accelerated move. But if volume doesn’t follow through, it can also get slammed back below the level.
Are you leaning bullish or bearish next?
Once it moves above, short positions’ stop-losses overhead can easily get swept up all at once, triggering an accelerated move. But if volume doesn’t follow through, it can also get slammed back below the level.
Are you leaning bullish or bearish next?