$NEAR breaks above its 24-hour high: current price 5.522, previous high 5.469.
After the breakout, focus on two things:
· Whether the previous high of 5.469 turns from resistance into support (holds on a retest)
· Whether trading volume increases during the breakout; breakouts on low volume often turn into bull traps
Are you bullish or bearish from here?
Markets are highly volatile, so please manage your risk.
After the breakout, focus on two things:
· Whether the previous high of 5.469 turns from resistance into support (holds on a retest)
· Whether trading volume increases during the breakout; breakouts on low volume often turn into bull traps
Are you bullish or bearish from here?
Markets are highly volatile, so please manage your risk.