$NEAR The daily chart broke below MA50 (4.4467).
How is this number calculated?
Moving averages themselves can also be seen as dynamic support or resistance: when the price pulls back toward one after rising above it, many people watch to see whether it will hold.
Many people wait for the price to move above it and then pull back without falling below it before confirming the breakout; after a break below, they wait for a rebound that fails to reclaim it before treating the breakdown as genuine.
Indicators can fail, so don’t skip the stop-loss: thinking ahead about what to do if you’re wrong is more important than predicting correctly.
#NEAR
How is this number calculated?
Moving averages themselves can also be seen as dynamic support or resistance: when the price pulls back toward one after rising above it, many people watch to see whether it will hold.
Many people wait for the price to move above it and then pull back without falling below it before confirming the breakout; after a break below, they wait for a rebound that fails to reclaim it before treating the breakdown as genuine.
Indicators can fail, so don’t skip the stop-loss: thinking ahead about what to do if you’re wrong is more important than predicting correctly.
#NEAR