🐋 $XLM fell below its one-year low of 0.136, with 24-hour trading volume rising to 1.8 times the daily average.
Near a period low, stop-loss orders on long positions are often clustered. A high-volume break below the low indicates that a large number of stop-loss orders have been triggered. Once the stop-loss selling has been absorbed, large buy orders could prompt a technical rebound; if buying support is weak, the price may continue to search for support.
#XLM
Near a period low, stop-loss orders on long positions are often clustered. A high-volume break below the low indicates that a large number of stop-loss orders have been triggered. Once the stop-loss selling has been absorbed, large buy orders could prompt a technical rebound; if buying support is weak, the price may continue to search for support.
#XLM