$NEAR has moved above the 3.7 level.
There are often a lot of orders clustered around key levels, so let’s first talk about why they matter.
A support level is a price range where prices have repeatedly found support as they fall. A resistance level is an area where prices have repeatedly struggled to rise above as they climb.
Key levels themselves don’t determine whether prices rise or fall. They’re more like places where the bulls and bears clash most intensely; ultimately, trading activity determines the direction.
It’s more prudent to look for confirmation across several indicators than to rely on just one, but even multiple signals can’t provide a definitive answer.
There are often a lot of orders clustered around key levels, so let’s first talk about why they matter.
A support level is a price range where prices have repeatedly found support as they fall. A resistance level is an area where prices have repeatedly struggled to rise above as they climb.
Key levels themselves don’t determine whether prices rise or fall. They’re more like places where the bulls and bears clash most intensely; ultimately, trading activity determines the direction.
It’s more prudent to look for confirmation across several indicators than to rely on just one, but even multiple signals can’t provide a definitive answer.
