đ Order book watch: $PONS breaks below the 0.14 level
Key levels often have a large number of stop-loss orders around them, and big players love to make a move in these areas: either they sweep the stops after a break below, then push the price back up, or the price genuinely continues downward. To tell the difference, watch which way the large orders around the price are leaning.
Key levels often have a large number of stop-loss orders around them, and big players love to make a move in these areas: either they sweep the stops after a break below, then push the price back up, or the price genuinely continues downward. To tell the difference, watch which way the large orders around the price are leaning.