$NEAR has moved above the 4.4 level.
I used to wonder why everyone paid so much attention to round-number levels. Then I realized: traders like to place orders and set take-profits near round numbers. When enough orders accumulate, the battle around those levels naturally intensifies, and over time they become psychological levels.
Understanding this indicator is about avoiding being misled by the numbers, not using it to predict price movements precisely.
This is just my personal opinion, not investment advice.
I used to wonder why everyone paid so much attention to round-number levels. Then I realized: traders like to place orders and set take-profits near round numbers. When enough orders accumulate, the battle around those levels naturally intensifies, and over time they become psychological levels.
Understanding this indicator is about avoiding being misled by the numbers, not using it to predict price movements precisely.
This is just my personal opinion, not investment advice.