👀 Large-order perspective: $PIEVERSE loses the 1.9 level
Clusters of limit orders often sit around key levels, and big players love to make moves there: they may push the price below the level to trigger long-position stop-losses, then pull it back up, or follow through on the breakdown and drive it lower. To tell which is happening, watch which side the large orders around the level are concentrated on.
Clusters of limit orders often sit around key levels, and big players love to make moves there: they may push the price below the level to trigger long-position stop-losses, then pull it back up, or follow through on the breakdown and drive it lower. To tell which is happening, watch which side the large orders around the level are concentrated on.