ETH stacked orders are food for whales!
Good morning traders!
Yesterday was a choppy day for me in the FX markets and ETH continues to develop.
I have zoomed in the PA to give you a better look. The yellow markers are highs and lows stacked together.
To the average retail investor these show where price has turned and therefore and good spot to place a stoploss.
However to the big whales they see liquidity, plain and simple, places to fill orders either selling or buying.
The longer the orders stack the bigger the move will be....
As Always trade safe
EnvisionEJ
Yesterday was a choppy day for me in the FX markets and ETH continues to develop.
I have zoomed in the PA to give you a better look. The yellow markers are highs and lows stacked together.
To the average retail investor these show where price has turned and therefore and good spot to place a stoploss.
However to the big whales they see liquidity, plain and simple, places to fill orders either selling or buying.
The longer the orders stack the bigger the move will be....
As Always trade safe
EnvisionEJ
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.