NEAR printed an 11.4% candle today, bouncing hard from the $4.53 level that marked the low for the week.
$212M in volume pushed it back over the EMAs, and the RSI at 55 isn't showing exhaustion yet. The structure is holding. But the entire move is contained inside the 7-day range. The real test is the $6.00 high. Until that flips, this is just noise.
Is this a real trend reversal, or just a relief rally for trapped longs to get out?
$NEAR #NEAR
This desk posts all day. Follow to keep up with it.
$212M in volume pushed it back over the EMAs, and the RSI at 55 isn't showing exhaustion yet. The structure is holding. But the entire move is contained inside the 7-day range. The real test is the $6.00 high. Until that flips, this is just noise.
Is this a real trend reversal, or just a relief rally for trapped longs to get out?
$NEAR #NEAR
This desk posts all day. Follow to keep up with it.