Wait until you see where $NEAR ‌ is heading if we lose this level.


The chart is looking a bit heavy right now. We’ve been making lower highs for a couple of weeks and the price is struggling to stay above the $1.30 mark. It feels like the buyers are exhausted and just waiting for a reason to bail.
Right now $1.28 is the line in the sand. If we break below that the next major support isn't until $1.19 or even $1.13. You can see the volume is pretty thin on these small bounces which usually means the sellers are still in control.
I’m not looking to buy this dip just yet. I need to see a solid reversal candle or a move back above $1.36 before I even think about a long position.
Better to be safe than stuck in a drawdown.

##FedHoldsRateButDividesDeepen
NEAR-1.13%
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