$NEAR ｜Breaking through the 5 threshold
Why do round-number levels matter? One rule of thumb is that resistance levels that are decisively broken often become support, while support levels that are decisively broken often turn into resistance.
Volatility tends to increase around these levels. Leveraged positions need more room here, as stop-losses placed too close to round-number levels can easily get triggered by a sudden move.
Reading indicators isn’t hard; the hard part is sticking to your rules when the market gets heated.
#NEAR
DYOR, and participate rationally.
Why do round-number levels matter? One rule of thumb is that resistance levels that are decisively broken often become support, while support levels that are decisively broken often turn into resistance.
Volatility tends to increase around these levels. Leveraged positions need more room here, as stop-losses placed too close to round-number levels can easily get triggered by a sudden move.
Reading indicators isn’t hard; the hard part is sticking to your rules when the market gets heated.
#NEAR
DYOR, and participate rationally.