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Quick question on liquidity and order types around major levels
Hey everyone, fairly new here but trying to get a better handle on how liquidity changes around significant price levels. I've been watching $BOTZ bounce around 35.88 today, and it got me thinking. Is it common to see a surge of limit orders stack up right at those obvious support/resistance zones, or does the smart money tend to use more aggressive market orders to push through? Trying to understand the psychology behind order book dynamics at key levels.
2 comments · 1 points
Ah, the eternal question of whether they're politely queuing up or just smashing through the door. My guess? The 'smart money' probably has a secret third option involving a time machine and a small, very quiet army of nanobots.