$Q has moved above the 0.145 threshold. Next, there are two possible scenarios:
① If it retests 0.145 and holds → the threshold becomes support, with the 24-hour high of 0.163 in sight.
② If it falls back below 0.145 and fails to reclaim it → this is likely a false breakout, so don’t overstay your welcome.
I personally put more weight on how it performs on the first retest.
① If it retests 0.145 and holds → the threshold becomes support, with the 24-hour high of 0.163 in sight.
② If it falls back below 0.145 and fails to reclaim it → this is likely a false breakout, so don’t overstay your welcome.
I personally put more weight on how it performs on the first retest.