Honestly, I don’t really understand this move, so I’ll just lay out the data and we can figure it out together. $NEAR is trading at 3.70, up 0.54% over the past 24 hours, with a high-low range of 3.62–3.75 and a trading volume of $27.7 million.
In plain English: while the rest of the market is shrinking, it’s quietly edged up half a percent. Volume isn’t exactly low, but that gain is basically flat over the course of a day, and it hasn’t picked a direction yet. This kind of sluggish sideways trading really tests your patience: chase it and you might be wasting your time; sit it out and you might miss a sudden breakout.
I’m leaning toward watching for now, because getting in before it breaks the 24-hour high of 3.75 is basically a guess about which way it’ll go. But if it climbs above 3.75 on strong volume, I’ll change my mind right away—that would show this move is for real.
For those of you holding $NEAR through this dull, sideways stretch, are you willing to wait for it to pick a direction, or would you rather just stop watching it for now?
$NEAR
#NEAR #MarketAnalysis
In plain English: while the rest of the market is shrinking, it’s quietly edged up half a percent. Volume isn’t exactly low, but that gain is basically flat over the course of a day, and it hasn’t picked a direction yet. This kind of sluggish sideways trading really tests your patience: chase it and you might be wasting your time; sit it out and you might miss a sudden breakout.
I’m leaning toward watching for now, because getting in before it breaks the 24-hour high of 3.75 is basically a guess about which way it’ll go. But if it climbs above 3.75 on strong volume, I’ll change my mind right away—that would show this move is for real.
For those of you holding $NEAR through this dull, sideways stretch, are you willing to wait for it to pick a direction, or would you rather just stop watching it for now?
$NEAR
#NEAR #MarketAnalysis