🐋 $NEAR has fallen below the 4.7 level. Areas near key levels are often where pending orders and stop-losses are most concentrated.
After a break below, stop-losses on long positions underneath can easily be swept in a cluster, triggering a sharp move down. But if large buyers step in at lower levels, the price could also rebound above the level.
What confirmation would you need before making a move?
#NEAR
After a break below, stop-losses on long positions underneath can easily be swept in a cluster, triggering a sharp move down. But if large buyers step in at lower levels, the price could also rebound above the level.
What confirmation would you need before making a move?
#NEAR