🐋 $KAVA broke below its one-year low of 0.0395, with 24h trading volume surging to 22.1 times the daily average.
Stop-loss orders on long positions often pile up below key lows, so a high-volume break below them means a large number of stops were triggered in a cascade. Once those sell orders are cleared, strong buying support could lead to a rebound; if demand is weak, the price may continue searching for support.
Stop-loss orders on long positions often pile up below key lows, so a high-volume break below them means a large number of stops were triggered in a cascade. Once those sell orders are cleared, strong buying support could lead to a rebound; if demand is weak, the price may continue searching for support.