$NEAR broke below the 24-hour low: current price 4.57, previous low 4.578.
After the breakdown, watch two things:
Will the previous low of 4.578 turn from support into resistance (price fails to break above it on a rebound)?
Did volume increase during the breakdown? A low-volume breakdown could just be a bear trap.
Bullish or bearish?
Just my personal opinion—take it for what it’s worth, not financial advice.
After the breakdown, watch two things:
Will the previous low of 4.578 turn from support into resistance (price fails to break above it on a rebound)?
Did volume increase during the breakdown? A low-volume breakdown could just be a bear trap.
Bullish or bearish?
Just my personal opinion—take it for what it’s worth, not financial advice.