🐋 $ZRO breaks through the 1.5 level. These levels are often where limit orders and stop-losses are most concentrated.
After breaking above, short sellers’ stop-losses overhead can be swept in a cluster, triggering a sharp move higher. But if volume doesn’t follow through, the price can also get slammed back below the level.
Which direction are you more bullish on?
After breaking above, short sellers’ stop-losses overhead can be swept in a cluster, triggering a sharp move higher. But if volume doesn’t follow through, the price can also get slammed back below the level.
Which direction are you more bullish on?