Near fights for support

Apollo_CB Updated   
NEAR after breaking out of the key monthly resistance has been riding the trend line down which is fine. I believe this is a false breakout and we need a lot more bullish posturing to push the price up here. I added a blue line of contraction and support, this could be one of the wedges I like to trade considering the candle bodies keep starting at the same price point. I added a rectangle to highlight the contraction of price. These types of setups like to explode upward from my experience, hopefully we can get off this trend line and hold > 3.75
Markets decided to die, I wouldnt lever anything right now that isnt super undervalued


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.