$Q has fallen below the 0.11 level.
Let’s break this number down.
The longer it’s been since the price last reached this level, the more the distribution of positions around it may have changed. The balance of bullish and bearish forces from the past may no longer hold.
The first pullback after moving above the level is often seen as a litmus test: if the price can hold above it, the idea that resistance has turned into support is more convincing.
Extreme readings often signal greater volatility. At times like this, it’s better to reduce your position rather than add to it.
Let’s break this number down.
The longer it’s been since the price last reached this level, the more the distribution of positions around it may have changed. The balance of bullish and bearish forces from the past may no longer hold.
The first pullback after moving above the level is often seen as a litmus test: if the price can hold above it, the idea that resistance has turned into support is more convincing.
Extreme readings often signal greater volatility. At times like this, it’s better to reduce your position rather than add to it.