$NEAR has fallen below the 4.7 level. There are two scenarios from here:
① It rebounds but fails to reclaim 4.7 → the level becomes resistance, with the 24h low at 4.686 as the next downside target.
② It quickly reclaims 4.7 → this looks more like a false breakdown, and short sellers could get squeezed.
I’m personally paying closer attention to buying support on the first rebound.
① It rebounds but fails to reclaim 4.7 → the level becomes resistance, with the 24h low at 4.686 as the next downside target.
② It quickly reclaims 4.7 → this looks more like a false breakdown, and short sellers could get squeezed.
I’m personally paying closer attention to buying support on the first rebound.