NEAR -11.0%, breakdown
At my midday market check, NEAR was at $3.81, down 11.0% over 24 hours, with $100 million in trading volume and a volume ratio of 0.8.
Support at $3.85 has been broken; the next level down is $3.54. Even a strong rebound would only reach resistance at $5.45. If it can’t break through, those are all spots to reduce your position. Don’t hold on stubbornly—stick to your rules.
Volatility picks up on days with unusual moves, so cut back on leverage first. This is just my personal view, not investment advice.
I’ll post a follow-up tomorrow to see how things played out. Feel free to prove me wrong.
The above is my personal market observation, not trading advice. DYOR.
$NEAR #NEAR #BTC #UnusualMarketMoves
At my midday market check, NEAR was at $3.81, down 11.0% over 24 hours, with $100 million in trading volume and a volume ratio of 0.8.
Support at $3.85 has been broken; the next level down is $3.54. Even a strong rebound would only reach resistance at $5.45. If it can’t break through, those are all spots to reduce your position. Don’t hold on stubbornly—stick to your rules.
Volatility picks up on days with unusual moves, so cut back on leverage first. This is just my personal view, not investment advice.
I’ll post a follow-up tomorrow to see how things played out. Feel free to prove me wrong.
The above is my personal market observation, not trading advice. DYOR.
$NEAR #NEAR #BTC #UnusualMarketMoves