🐋 $NEAR broke below the 5.5 threshold.
There are usually a large number of orders around whole-number levels, so first understand why the threshold matters.
Common ways to confirm whether a breakout is valid include: the close holding on one side of the threshold, a retest that does not break back through, and increased volume during the breakout.
When price moves back and forth around the threshold, stop losses on both sides may be repeatedly swept; trading with smaller positions before the direction becomes clear is often the better approach.
Do not change your plan because of a single indicator, and do not use borrowed funds to test a judgment.
#NEAR
There are usually a large number of orders around whole-number levels, so first understand why the threshold matters.
Common ways to confirm whether a breakout is valid include: the close holding on one side of the threshold, a retest that does not break back through, and increased volume during the breakout.
When price moves back and forth around the threshold, stop losses on both sides may be repeatedly swept; trading with smaller positions before the direction becomes clear is often the better approach.
Do not change your plan because of a single indicator, and do not use borrowed funds to test a judgment.
#NEAR