$NEAR broke below the 24-hour low: current price 3.669, previous low 3.673.
After the breakdown, watch two things:
Will the previous low of 3.673 turn from support into resistance (price can't get through on a rebound)?
Was there a surge in volume during the breakdown? A low-volume break could just be a bear trap.
How would you trade it?
I may not be right, so make your own judgment.
After the breakdown, watch two things:
Will the previous low of 3.673 turn from support into resistance (price can't get through on a rebound)?
Was there a surge in volume during the breakdown? A low-volume break could just be a bear trap.
How would you trade it?
I may not be right, so make your own judgment.
