A quick note: $Q has fallen below the 0.03 level.
People often ask what a round-number level means. Here’s how I understand it.
Previous highs and lows are commonly used reference points: the fact that the price was turned back or held up at that level last time can influence decisions when it returns there.
The level itself doesn’t determine the direction. It’s more like the point where buyers and sellers clash most intensely; the outcome depends on trading activity.
The same data can mean completely different things in different market conditions, so don’t blindly apply a rule of thumb.
#Q
People often ask what a round-number level means. Here’s how I understand it.
Previous highs and lows are commonly used reference points: the fact that the price was turned back or held up at that level last time can influence decisions when it returns there.
The level itself doesn’t determine the direction. It’s more like the point where buyers and sellers clash most intensely; the outcome depends on trading activity.
The same data can mean completely different things in different market conditions, so don’t blindly apply a rule of thumb.
#Q
