🐋 $KAVA has fallen below the 0.028 level. These levels are often where limit orders and stop-losses are most concentrated.
After a break below, long positions’ stop-losses underneath can easily be swept up in a concentrated wave, triggering an accelerated drop. But if large buyers step in at lower levels, the price could also rebound above the level.
Which side are you on? Let us know in the comments.
After a break below, long positions’ stop-losses underneath can easily be swept up in a concentrated wave, triggering an accelerated drop. But if large buyers step in at lower levels, the price could also rebound above the level.
Which side are you on? Let us know in the comments.