$NEAR Breaks below the 5 level.
Where does this number come from?
The more often a price level is tested, the more significant it tends to become in traders’ eyes. However, some believe repeated tests can actually weaken the orders resting at that level.
Round-number levels mean different things for different coins: major round-number levels attract more attention for leading coins, while round numbers are often much less useful as reference points for smaller coins.
The same reading can mean completely different things in different market conditions, so don’t apply one rule blindly.
#NEAR
Where does this number come from?
The more often a price level is tested, the more significant it tends to become in traders’ eyes. However, some believe repeated tests can actually weaken the orders resting at that level.
Round-number levels mean different things for different coins: major round-number levels attract more attention for leading coins, while round numbers are often much less useful as reference points for smaller coins.
The same reading can mean completely different things in different market conditions, so don’t apply one rule blindly.
#NEAR