NEAR surged 12% in a day, with trading volume still at $130 million. I really didn’t see this coming 🚀
Honestly, just a couple of days ago I thought $NEAR would keep ranging between 4.5 and 5. But tonight it shot straight up to 5.35, hitting a high of 5.38. It came with a spike in volume, so this doesn’t look like some casual pump.
On the chart: the green dashed line at 5.0 marks the previous consolidation area, and the red dashed line at 5.6 marks the high from that wick a couple of days ago.
· Entry zone: wait for a pullback near 5.0 and see if it holds
· Resistance: 5.6—it got rejected there a couple of days ago
· Cut your losses: if it drops back below 4.6, don’t try to tough it out
Chasing a breakout can get you shaken out, so I’d rather wait for a pullback. Manage your position size; don’t go all in.
Are you chasing the breakout or waiting for a pullback?
⚠️ Just my personal rambling—this is not investment advice.
#NEAR #Altcoins
$NEAR
Honestly, just a couple of days ago I thought $NEAR would keep ranging between 4.5 and 5. But tonight it shot straight up to 5.35, hitting a high of 5.38. It came with a spike in volume, so this doesn’t look like some casual pump.
On the chart: the green dashed line at 5.0 marks the previous consolidation area, and the red dashed line at 5.6 marks the high from that wick a couple of days ago.
· Entry zone: wait for a pullback near 5.0 and see if it holds
· Resistance: 5.6—it got rejected there a couple of days ago
· Cut your losses: if it drops back below 4.6, don’t try to tough it out
Chasing a breakout can get you shaken out, so I’d rather wait for a pullback. Manage your position size; don’t go all in.
Are you chasing the breakout or waiting for a pullback?
⚠️ Just my personal rambling—this is not investment advice.
#NEAR #Altcoins
$NEAR