Follow the money: $PEPE loses the 0.0₅45 level
Key levels usually have clusters of stop-loss orders sitting above and below them. That’s where big players like to make their move: they may trigger stops on a break below, then reclaim the level—or push the price down further. To tell the difference, watch which side of the price the trading volume is concentrated on.
Key levels usually have clusters of stop-loss orders sitting above and below them. That’s where big players like to make their move: they may trigger stops on a break below, then reclaim the level—or push the price down further. To tell the difference, watch which side of the price the trading volume is concentrated on.