Breakout: sustained close above resistance + follow-through/volume.
Rejection: failure to hold above the trendline, followed by a move back below resistance.
Momentum: strong momentum can support a breakout, but it can also precede a sharp rejection if resistance remains intact.
Confirmation: watch the retest—former resistance holding as support would strengthen the breakout case.
For $NEAR specifically, the trendline level and current price need to be checked against live market data before assigning exact breakout/rejection levels.
Rejection: failure to hold above the trendline, followed by a move back below resistance.
Momentum: strong momentum can support a breakout, but it can also precede a sharp rejection if resistance remains intact.
Confirmation: watch the retest—former resistance holding as support would strengthen the breakout case.
For $NEAR specifically, the trendline level and current price need to be checked against live market data before assigning exact breakout/rejection levels.
