$NEAR is sitting at the midpoint of its 24h range, but the volume profile suggests a different story.
$NEAR is currently trading near the midpoint of its 24h range, but the volume profile is telling a different story. The price has been consolidating between support and resistance levels, with higher volume at the key levels. This suggests that traders are testing the waters and looking for confirmation before committing to a move.
The 24h change is minimal, but the volume profile is more interesting. The high volume at the support and resistance levels indicates that traders are looking for confirmation before making a move. This could be a sign of accumulation or distribution, depending on the next move.
What traders should watch next is the volume profile at the breakout levels. If the volume picks up significantly at the breakout levels, it could indicate a strong move in either direction. If the volume remains low, it could indicate a continuation of the range-bound action.
What are you watching on $NEAR right now?
Watching $NEAR vs this range.
#near #crypto #trading #cryptocurrency
$NEAR is currently trading near the midpoint of its 24h range, but the volume profile is telling a different story. The price has been consolidating between support and resistance levels, with higher volume at the key levels. This suggests that traders are testing the waters and looking for confirmation before committing to a move.
The 24h change is minimal, but the volume profile is more interesting. The high volume at the support and resistance levels indicates that traders are looking for confirmation before making a move. This could be a sign of accumulation or distribution, depending on the next move.
What traders should watch next is the volume profile at the breakout levels. If the volume picks up significantly at the breakout levels, it could indicate a strong move in either direction. If the volume remains low, it could indicate a continuation of the range-bound action.
What are you watching on $NEAR right now?
Watching $NEAR vs this range.
#near #crypto #trading #cryptocurrency