$NEAR is consolidating near the lower end of its 24h range, but the 2.5% drop suggests more downside may be coming.
The 24h high is at level X, and the 24h low is at level Y, with last trading near the lower end of the range. Volume has been relatively low, supporting the consolidation but not the move.
This setup is interesting because it shows traders are hesitant to push higher, but it also indicates there may be more downside if the consolidation breaks. The key level to watch is the 24h low, as a break below could signal a continuation of the downtrend.
What are you watching on $NEAR right now?
$NEAR — on my screen today.
#near #crypto #trading #cryptocurrency
The 24h high is at level X, and the 24h low is at level Y, with last trading near the lower end of the range. Volume has been relatively low, supporting the consolidation but not the move.
This setup is interesting because it shows traders are hesitant to push higher, but it also indicates there may be more downside if the consolidation breaks. The key level to watch is the 24h low, as a break below could signal a continuation of the downtrend.
What are you watching on $NEAR right now?
$NEAR — on my screen today.
#near #crypto #trading #cryptocurrency