$NEAR ｜Breaks below the 3.6 level
How should you understand support and resistance? A large number of stop-loss orders are usually placed around key levels. Once the price crosses a level, these stops are triggered together, and volatility often suddenly increases.
The first pullback after a breakout is often seen as a test: if the price can stabilize above the level, the idea that resistance has turned into support is on firmer ground.
Indicators can fail, but stop-losses shouldn’t be skipped: deciding in advance what to do if you’re wrong is more important than guessing correctly.
#NEAR
How should you understand support and resistance? A large number of stop-loss orders are usually placed around key levels. Once the price crosses a level, these stops are triggered together, and volatility often suddenly increases.
The first pullback after a breakout is often seen as a test: if the price can stabilize above the level, the idea that resistance has turned into support is on firmer ground.
Indicators can fail, but stop-losses shouldn’t be skipped: deciding in advance what to do if you’re wrong is more important than guessing correctly.
#NEAR