$NEAR has fallen below the 4.8 level, with the current price at 4.79.
When a key price level is breached, I usually look at three things:
① Close: An intraday break doesn't count; it's a genuine break only if the entire candlestick closes below 4.8.
② Rebound: Can the price reclaim the 4.8 area on a rebound? If it can't close back above it, the shift is confirmed.
③ Volume: Did volume pick up during the break? A break on declining volume is more likely to be reversed.
#NEAR
When a key price level is breached, I usually look at three things:
① Close: An intraday break doesn't count; it's a genuine break only if the entire candlestick closes below 4.8.
② Rebound: Can the price reclaim the 4.8 area on a rebound? If it can't close back above it, the shift is confirmed.
③ Volume: Did volume pick up during the break? A break on declining volume is more likely to be reversed.
#NEAR