$Q hit a new 7-day high, with buyers showing strong conviction.
But it pulled back after the spike, and the current price of 0.03589 has fallen below the previous high of 0.03836.
Stop-loss orders are usually clustered near new highs. Reversing after taking them out suggests selling pressure is still present at higher levels. Let’s see if it can climb back above that level.
#Q
But it pulled back after the spike, and the current price of 0.03589 has fallen below the previous high of 0.03836.
Stop-loss orders are usually clustered near new highs. Reversing after taking them out suggests selling pressure is still present at higher levels. Let’s see if it can climb back above that level.
#Q