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

The chart seems a bit heavy right now. We’ve been making lower highs for two weeks, and the price is struggling to stay above the $1.30 mark. It looks like buyers have exhausted themselves and are just waiting for a reason to escape.
Now $1.28 is the line in the sand. If we break below that, the next major support will only be at $1.19 or even $1.13. You can see that volume is very weak on these small rebounds, which usually means sellers are still in control.
I’m not ready to buy this dip yet. I need to see a strong reversal candle or a move above $1.36 before I even consider a long position.
It’s better to be cautious about taking a loss on the downside.