What are the big players up to? $INIT has lost the 0.25 level.
Key levels are often surrounded by clusters of limit orders, and major players love to make moves there: they may push the price below the level to trigger long stop-losses, then pull it back upโor break through and ride the momentum. To tell which is happening, watch which way the large orders above and below the price are leaning.
Key levels are often surrounded by clusters of limit orders, and major players love to make moves there: they may push the price below the level to trigger long stop-losses, then pull it back upโor break through and ride the momentum. To tell which is happening, watch which way the large orders above and below the price are leaning.
