$Q fell below the 0.12 level, and is now trading at 0.122.
Round-number levels have no magic in themselves, but limit orders, stop-losses, and psychological expectations tend to cluster around them, so bulls and bears often battle back and forth.
The price has now been pulled back above 0.12, so there may be a risk of a bear trap.
Round-number levels have no magic in themselves, but limit orders, stop-losses, and psychological expectations tend to cluster around them, so bulls and bears often battle back and forth.
The price has now been pulled back above 0.12, so there may be a risk of a bear trap.