You may often be misled by the following:
Institutions (large funds) often use the method of creating a false impression of the market, the purpose of which is to induce retail investors. The specific operation is as follows:
The main force usually places a large number of super sell orders at the positions of the first to fifth selling positions, but these sell orders are actually not intended to be traded, but are deliberately placed for retail investors to see.
In this way, retail investors will mistakenly think that the currency has a lot of selling pressure, and the currency price will inevitably fall sharply next, so they will sell at a loss.
The same method will also appear on the buying side. Super buy orders are placed at the buying position, but the prices of these buy orders are usually low, giving people the illusion that large funds are ready to enter the market to raise the currency price, thereby inducing retail investors to buy first, and eventually being trapped.
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