🐋 A note for order-book watchers:
$Q broke above 0.07248, reaching a one-year high. At the moment of the breakout, all buyers who had entered at any point in the past 365 days were sitting on unrealized gains.
Trading volume then surged to 3.2 times the daily average: fresh money was buying while existing holders took the opportunity to exit. Which side holds up better depends on whether large orders step in to buy the pullback.
$Q broke above 0.07248, reaching a one-year high. At the moment of the breakout, all buyers who had entered at any point in the past 365 days were sitting on unrealized gains.
Trading volume then surged to 3.2 times the daily average: fresh money was buying while existing holders took the opportunity to exit. Which side holds up better depends on whether large orders step in to buy the pullback.