NEAR entering resistance zone, can it blast through❔
in my analysis posted in late august I pointed out white the trend support zone, pointed out how it was not logical to be bearish unless it broke.
as expected, we saw a big bounce from this level, congrats to longs.
now entering resistance zone which use to act as a strong support, this can play out two ways in my opinion.
scenario 1: rally to 5.5-6.4, then rejection back to trend support zone
scenario 2: break past 6.47, then parabolic rally to 10-12 levels.
drop boost and follow for more, thanks 💙
as expected, we saw a big bounce from this level, congrats to longs.
now entering resistance zone which use to act as a strong support, this can play out two ways in my opinion.
scenario 1: rally to 5.5-6.4, then rejection back to trend support zone
scenario 2: break past 6.47, then parabolic rally to 10-12 levels.
drop boost and follow for more, thanks 💙
