$IDOL broke below the 0.03 level. Levels like this are usually where pending orders and stop-losses are most concentrated.
After a breakdown, long positions below the level can have their stop-losses triggered all at once, leading to a sharp downward move. But if large buyers step in at lower levels, the price could also rebound above the level.
What’s the key level you’re watching?
After a breakdown, long positions below the level can have their stop-losses triggered all at once, leading to a sharp downward move. But if large buyers step in at lower levels, the price could also rebound above the level.
What’s the key level you’re watching?
