Can volume spikes warn traders before price breaks its range? 📉
At $3.661, $NEAR dropped 3.10% over 24 hours on $34.07M in volume.
Hourly data shows a volume surge hitting 1.72x the preceding daily average as price slipped.
A bullish scenario requires reclaiming the 3.795 high on expanding participation to confirm buyer interest.
Conversely, failure to hold above the 3.675 low invalidates the bounce setup and exposes deeper downside risk.
Will you wait for a reclaim of 3.795, or does breaking 3.675 signal further downside first?
Tap $NEAR for the live chart. #NEAR #BinanceSquare
At $3.661, $NEAR dropped 3.10% over 24 hours on $34.07M in volume.
Hourly data shows a volume surge hitting 1.72x the preceding daily average as price slipped.
A bullish scenario requires reclaiming the 3.795 high on expanding participation to confirm buyer interest.
Conversely, failure to hold above the 3.675 low invalidates the bounce setup and exposes deeper downside risk.
Will you wait for a reclaim of 3.795, or does breaking 3.675 signal further downside first?
Tap $NEAR for the live chart. #NEAR #BinanceSquare