$NEAR 5-minute pullback of 1.84%, with the current price at 5.403. Two possible scenarios next:
① It consolidates on lower volume and climbs back above the starting point of the drop → this looks more like a shakeout
② It fails to reclaim that level on the rebound and breaks below the 24h low of 4.951 → weakness may continue
I’d rather wait for a convincing sign of stabilization before drawing a conclusion. Which direction do you favor?
NFA, DYOR.
① It consolidates on lower volume and climbs back above the starting point of the drop → this looks more like a shakeout
② It fails to reclaim that level on the rebound and breaks below the 24h low of 4.951 → weakness may continue
I’d rather wait for a convincing sign of stabilization before drawing a conclusion. Which direction do you favor?
NFA, DYOR.