$NEAR has risen above the 4.9 level.
How did this figure come about?
One pattern is that a resistance level that has been decisively broken often turns into support, while a support level that has been decisively breached often becomes resistance.
Indicators can be wrong, but risk management should never be neglected: planning what to do if your judgment is wrong matters more than guessing whether you’re right.
These views are for discussion only. You are responsible for any gains or losses.
How did this figure come about?
One pattern is that a resistance level that has been decisively broken often turns into support, while a support level that has been decisively breached often becomes resistance.
Indicators can be wrong, but risk management should never be neglected: planning what to do if your judgment is wrong matters more than guessing whether you’re right.
These views are for discussion only. You are responsible for any gains or losses.