$NEAR is consolidating near the midpoint of its 24h range, with 70% of the trading volume occurring in the last 15 minutes. This suggests a potential accumulation phase, but the lack of a clear breakout means traders should stay cautious.
Tape read:
(1) Midpoint consolidation: $NEAR is trading near the midpoint of its 24h range, indicating a potential pause in momentum.
(2) Volume spike: 70% of the trading volume has occurred in the last 15 minutes, suggesting a potential accumulation phase.
(3) Invalidation: A breakout above the upper range or a drop below the lower range would signal a change in trend.
What are you watching on $NEAR right now?
Current read: $NEAR , spot tape.
#near #cryptotrading #altcoins #spottrading
Tape read:
(1) Midpoint consolidation: $NEAR is trading near the midpoint of its 24h range, indicating a potential pause in momentum.
(2) Volume spike: 70% of the trading volume has occurred in the last 15 minutes, suggesting a potential accumulation phase.
(3) Invalidation: A breakout above the upper range or a drop below the lower range would signal a change in trend.
What are you watching on $NEAR right now?
Current read: $NEAR , spot tape.
#near #cryptotrading #altcoins #spottrading