Indicator Notes | $NEAR | Above the 4.6 level
Definition: One recurring pattern is that a resistance level that is decisively broken often becomes support, while a support level that is decisively broken often becomes resistance.
How to read it: Moving above a key level only shows that one side has the upper hand for now. How much further the price can go depends on the next key levels ahead and whether the flow of funds can be sustained.
Understanding indicators isn’t hard. The hard part is sticking to your plan when the market is at its most heated.
#NEAR
Definition: One recurring pattern is that a resistance level that is decisively broken often becomes support, while a support level that is decisively broken often becomes resistance.
How to read it: Moving above a key level only shows that one side has the upper hand for now. How much further the price can go depends on the next key levels ahead and whether the flow of funds can be sustained.
Understanding indicators isn’t hard. The hard part is sticking to your plan when the market is at its most heated.
#NEAR