Market Notes｜$Q ｜Breaking above the 0.12 level
Definition: The longer it has been since the price last reached this level, the more the distribution of positions around this area is likely to have changed. The support or resistance from back then may no longer be effective.
A note on how to read it: Round-number levels mean different things for different coins. More people watch major round-number levels for leading coins, while round numbers tend to matter much less for small-cap coins.
Don’t chase trades during the most volatile few minutes. Wait for the price to finish moving before deciding.
#Q
Definition: The longer it has been since the price last reached this level, the more the distribution of positions around this area is likely to have changed. The support or resistance from back then may no longer be effective.
A note on how to read it: Round-number levels mean different things for different coins. More people watch major round-number levels for leading coins, while round numbers tend to matter much less for small-cap coins.
Don’t chase trades during the most volatile few minutes. Wait for the price to finish moving before deciding.
#Q