Everyone was ready to bury $NEAR at $0.80 but look who’s laughing now.
That recovery from the February lows has been surprisingly clean. We just put in a massive daily candle that poked right through the $1.24 resistance level, and currently we're sitting at $1.305. The volume on this move is actually looking decent for once, which makes me think this might not just be a fakeout. We’re up about 13% today alone, but we’re approaching that $1.47 zone where things usually get rejected. If we can hold $1.25 as support on a retest, I’m looking at $1.50 as the next target. But if we lose $1.20 again, then it was just another "buy the dip" trap for the exit liquidity. I’m holding my spot for now but moving my stops up. Let's see if the bulls have the stamina to keep this going through the week.
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Everyone was ready to bury $NEAR at $0.80 but look who’s laughing now.
That recovery from the February lows has been surprisingly clean. We just put in a massive daily candle that poked right through the $1.24 resistance level, and currently we're sitting at $1.305.
The volume on this move is actually looking decent for once, which makes me think this might not just be a fakeout. We’re up about 13% today alone, but we’re approaching that $1.47 zone where things usually get rejected.
If we can hold $1.25 as support on a retest, I’m looking at $1.50 as the next target. But if we lose $1.20 again, then it was just another "buy the dip" trap for the exit liquidity.
I’m holding my spot for now but moving my stops up. Let's see if the bulls have the stamina to keep this going through the week.
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