Technical Notes｜$NEAR ｜Breaks below the 3.6 level
Definition: Previous highs and lows are the most commonly used key price levels. The fact that price failed to rise further or found support here last time often affects buying and selling when it returns to this level.
How to read this: Volatility can increase near key levels. Leveraged traders should leave more room here; setting a stop-loss too close to a round number can get you stopped out in a sudden move.
All data describes price movements that have already happened; prices can move in the opposite direction at any time.
#NEAR
Just a market note. Please make your own trading decisions.
Definition: Previous highs and lows are the most commonly used key price levels. The fact that price failed to rise further or found support here last time often affects buying and selling when it returns to this level.
How to read this: Volatility can increase near key levels. Leveraged traders should leave more room here; setting a stop-loss too close to a round number can get you stopped out in a sudden move.
All data describes price movements that have already happened; prices can move in the opposite direction at any time.
#NEAR
Just a market note. Please make your own trading decisions.