$NEAR Has this rally run its course? I'm bullish, don't lose 4.30
Is it that no one dares to chase anymore once it rises to this level?
Today, I'm leaning bullish instead. The current price is 5.255, just a hair below the 5.28 recent two-day high, and at this level the bulls still haven't let go.
On the 4-hour chart, the short-term moving average is still pressing below the long-term moving average, and the daily chart hasn't turned bearish either. Funding rates are slightly positive, which means the money hasn't left yet.
On the news side, today there was only one piece discussing how NEAR's rebound and reversal probability may develop; no new trigger point was given, so the market is still being propped up by technicals alone.
Below, 4.30 is the recent two-day low. If it pulls back to here, we'll see whether buyers step in. If they can't hold it, this rally will have risen for nothing;
Above, 5.28 needs to be pushed through with real volume. Only after breaking through can there be follow-through; otherwise, it'll just move sideways and waste time.
Today I'm bullish, no room for debate, but if 4.30 is lost, I'll immediately take back my bullish view.
#NEAR #加密货币
Is it that no one dares to chase anymore once it rises to this level?
Today, I'm leaning bullish instead. The current price is 5.255, just a hair below the 5.28 recent two-day high, and at this level the bulls still haven't let go.
On the 4-hour chart, the short-term moving average is still pressing below the long-term moving average, and the daily chart hasn't turned bearish either. Funding rates are slightly positive, which means the money hasn't left yet.
On the news side, today there was only one piece discussing how NEAR's rebound and reversal probability may develop; no new trigger point was given, so the market is still being propped up by technicals alone.
Below, 4.30 is the recent two-day low. If it pulls back to here, we'll see whether buyers step in. If they can't hold it, this rally will have risen for nothing;
Above, 5.28 needs to be pushed through with real volume. Only after breaking through can there be follow-through; otherwise, it'll just move sideways and waste time.
Today I'm bullish, no room for debate, but if 4.30 is lost, I'll immediately take back my bullish view.
#NEAR #加密货币