$NEAR finally slipped.
Since Nov 5 it was sitting on 3.63 like a floor, bounce after bounce. The last 4h candle went through it to 3.585 on the biggest volume in three days. That is the lowest print since the September run started from 2.3, so more than half of that whole run to 6 is gone now.
Weekly candle closes at 00:00 UTC and honestly that close matters more to me than this wick.
If it stays under 3.63 I am looking at 3.40 to 3.42, where the Sept 19 and 20 dips got bought. Lose that and 3.15 is next.
Reclaim 3.63 and then 3.75 (the 4h 20 EMA) and this was just a stop run. Above 3.91 I stop calling it a downtrend.
Since Nov 5 it was sitting on 3.63 like a floor, bounce after bounce. The last 4h candle went through it to 3.585 on the biggest volume in three days. That is the lowest print since the September run started from 2.3, so more than half of that whole run to 6 is gone now.
Weekly candle closes at 00:00 UTC and honestly that close matters more to me than this wick.
If it stays under 3.63 I am looking at 3.40 to 3.42, where the Sept 19 and 20 dips got bought. Lose that and 3.15 is next.
Reclaim 3.63 and then 3.75 (the 4h 20 EMA) and this was just a stop run. Above 3.91 I stop calling it a downtrend.
