🐋 $BULLA broke below the 60-day low of 0.0321, with 24-hour trading volume surging to 2.1 times the daily average.
There are often long-position stop-loss orders near lows for the period. A high-volume breakdown means these stop losses are being triggered one after another. If large buy orders step in after the stop-loss selling is exhausted, a technical rebound may follow; if buying support is weak, the price may continue searching for support.
Personal notes, not investment advice.
There are often long-position stop-loss orders near lows for the period. A high-volume breakdown means these stop losses are being triggered one after another. If large buy orders step in after the stop-loss selling is exhausted, a technical rebound may follow; if buying support is weak, the price may continue searching for support.
Personal notes, not investment advice.