$NEAR is consolidating, but the current position could signal a breakout.
$NEAR is trading within a tight range, but the current position could signal a breakout. Tape reading suggests traders are accumulating at the lower end of the range.
This setup suggests traders are waiting for a breakout, but the current position is more interesting than it looks. The current position is the lower end of the range, which could signal a breakout.
What traders should watch next is the volume at the lower end of the range. If volume picks up, it could signal a breakout. If volume stays low, it could signal more range-bound action.
Do you see strength here or more range-bound action?
$NEAR — on my screen today.
#near #cryptocurrency #trading #crypto
$NEAR is trading within a tight range, but the current position could signal a breakout. Tape reading suggests traders are accumulating at the lower end of the range.
This setup suggests traders are waiting for a breakout, but the current position is more interesting than it looks. The current position is the lower end of the range, which could signal a breakout.
What traders should watch next is the volume at the lower end of the range. If volume picks up, it could signal a breakout. If volume stays low, it could signal more range-bound action.
Do you see strength here or more range-bound action?
$NEAR — on my screen today.
#near #cryptocurrency #trading #crypto