Watching $NEAR for a potential downtrend continuation
As long as $NEAR stays below its SMA7 and SMA25, it looks primed for a leg down, targeting the support level at 1.72
- Trading below SMA7 and SMA25, - Bearish 10-bar trend, - Volume has been flat to falling over the last 5 bars
A daily close above 2.12 breaks this setup
Are you shorting this drop on $NEAR or looking for a bounce?
As long as $NEAR stays below its SMA7 and SMA25, it looks primed for a leg down, targeting the support level at 1.72
- Trading below SMA7 and SMA25, - Bearish 10-bar trend, - Volume has been flat to falling over the last 5 bars
A daily close above 2.12 breaks this setup
Are you shorting this drop on $NEAR or looking for a bounce?