$NEAR
After rejection at $6.02, the 4H chart shows lower highs and RSI near 43. The bounce around $5 needs stronger confirmation.
My recovery checklist: reclaim $5.25, then close above $5.36 and hold the retest. This would strengthen the case for $5.73, followed by $6.
Lose $4.88, and $4.60 becomes the next support to watch.
Today’s CPI adds uncertainty. My focus is the price reaction after release. $6 stays on my watchlist, but buyers need to prove strength first.
#CPIdata
After rejection at $6.02, the 4H chart shows lower highs and RSI near 43. The bounce around $5 needs stronger confirmation.
My recovery checklist: reclaim $5.25, then close above $5.36 and hold the retest. This would strengthen the case for $5.73, followed by $6.
Lose $4.88, and $4.60 becomes the next support to watch.
Today’s CPI adds uncertainty. My focus is the price reaction after release. $6 stays on my watchlist, but buyers need to prove strength first.
#CPIdata