$NEAR Fell below the 3.6 level, with the current price at 3.576.
Around key price levels, I usually look at three things:
① Close: An intraday break doesn’t count; it’s a genuine breakdown only if the entire candlestick closes below 3.6.
② Rebound: Can it reclaim the area around 3.6 on a bounce? If it can’t, the level has flipped.
③ Volume: Did volume pick up during the breakdown? Breaks on low volume are more likely to be false.
#NEAR
In a highly volatile market, manage your risk first.
Around key price levels, I usually look at three things:
① Close: An intraday break doesn’t count; it’s a genuine breakdown only if the entire candlestick closes below 3.6.
② Rebound: Can it reclaim the area around 3.6 on a bounce? If it can’t, the level has flipped.
③ Volume: Did volume pick up during the breakdown? Breaks on low volume are more likely to be false.
#NEAR
In a highly volatile market, manage your risk first.