🐋 $PUMP fell below the 0.0035 level. Key levels are often where orders and stop-losses are most concentrated.
After a break below, stop-losses on long positions underneath can easily be swept up in a wave, triggering an accelerated sell-off. But if large buyers step in at lower levels, the price could also be pulled back above the level.
What do you think?
After a break below, stop-losses on long positions underneath can easily be swept up in a wave, triggering an accelerated sell-off. But if large buyers step in at lower levels, the price could also be pulled back above the level.
What do you think?