$NEAR — a return above 5.26 still needs to hold
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The day closed above 5.26, but the price moved back below the level again. The first condition for recovery has been met, but sustained holding has not yet been confirmed.
If $NEAR returns above 5.26 and holds the area on a pullback, the scenario of testing the historical weekly resistance at 5.87 will remain in place.
A daily close of $NEAR below 4.5 will invalidate the recovery hypothesis from the former historical area.
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The day closed above 5.26, but the price moved back below the level again. The first condition for recovery has been met, but sustained holding has not yet been confirmed.
If $NEAR returns above 5.26 and holds the area on a pullback, the scenario of testing the historical weekly resistance at 5.87 will remain in place.
A daily close of $NEAR below 4.5 will invalidate the recovery hypothesis from the former historical area.