After the recent high of $NEAR was rejected, it has been sliding all the way down. In the short term, all moving averages have already turned downward and are pressing. The signs of weakness in the market are quite obvious.
$NEAR - Empty
Specific structure:
Entry: 1.575 - 1.585
Stop loss (SL): 1.620
Target 1 (TP1): 1.530
Target 2 (TP2): 1.500
Target 3 (TP3): 1.470
Key analysis:
The current price has already fallen below the short-term moving averages, and the moving averages above have formed a fairly dense resistance zone. In recent candles, when the price has been dropping, the volume has also increased, indicating that selling pressure is still being released. The previous low at 1.536 is the first line of defense; if this level cannot be held, it is likely to move toward 1.50, or even deeper, to seek support. As long as the stop-loss level does not re-enter the market with increased volume, probing downward in line with this momentum remains the more prudent choice.
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$NEAR - Empty
Specific structure:
Entry: 1.575 - 1.585
Stop loss (SL): 1.620
Target 1 (TP1): 1.530
Target 2 (TP2): 1.500
Target 3 (TP3): 1.470
Key analysis:
The current price has already fallen below the short-term moving averages, and the moving averages above have formed a fairly dense resistance zone. In recent candles, when the price has been dropping, the volume has also increased, indicating that selling pressure is still being released. The previous low at 1.536 is the first line of defense; if this level cannot be held, it is likely to move toward 1.50, or even deeper, to seek support. As long as the stop-loss level does not re-enter the market with increased volume, probing downward in line with this momentum remains the more prudent choice.
Click here to trade👇