$NEAR lost that key support level — yeah, it stings a bit, but it's not the end of the world.
We had a solid bounce up to $4.50 earlier, which felt good for a second. I was hoping $4.30 would hold as the new floor, but nope — zoom in and you'll see it got rejected almost immediately. Classic.
So where does that leave us? The trend's pointing down, and honestly, I wouldn't be shocked if we sweep those lows before finding a real bottom. My gut says we're probably bottoming out in the next few days, somewhere between $3.50 and $4.00.
If that range hits, it could actually be a sweet entry zone for the next leg up. Sometimes losing support is just the market clearing out weak hands before the real move. We'll see.
We had a solid bounce up to $4.50 earlier, which felt good for a second. I was hoping $4.30 would hold as the new floor, but nope — zoom in and you'll see it got rejected almost immediately. Classic.
So where does that leave us? The trend's pointing down, and honestly, I wouldn't be shocked if we sweep those lows before finding a real bottom. My gut says we're probably bottoming out in the next few days, somewhere between $3.50 and $4.00.
If that range hits, it could actually be a sweet entry zone for the next leg up. Sometimes losing support is just the market clearing out weak hands before the real move. We'll see.
