"Most traders are watching the wrong level on $NEAR ."
The price is consolidating near its 24-hour high, but the real story is in the volume. The price has traded sideways for much of the day, with volume picking up near the highs. This suggests traders are accumulating at the top of the range.
The 24-hour change is also worth noting. A positive change indicates bullish sentiment, but the consolidation suggests traders are taking profits. The current position is interesting because it's a potential setup for a breakout or a pullback.
What traders should watch next is the volume behavior. If volume continues to pick up, it could signal a breakout. If volume stays low, it could indicate more consolidation.
What are you watching on $NEAR right now?
$NEAR — on my screen today.
Price alerts on NEAR/USDT beat guessing the tape.
#near #cryptocurrency #trading #altcoins
The price is consolidating near its 24-hour high, but the real story is in the volume. The price has traded sideways for much of the day, with volume picking up near the highs. This suggests traders are accumulating at the top of the range.
The 24-hour change is also worth noting. A positive change indicates bullish sentiment, but the consolidation suggests traders are taking profits. The current position is interesting because it's a potential setup for a breakout or a pullback.
What traders should watch next is the volume behavior. If volume continues to pick up, it could signal a breakout. If volume stays low, it could indicate more consolidation.
What are you watching on $NEAR right now?
$NEAR — on my screen today.
Price alerts on NEAR/USDT beat guessing the tape.
#near #cryptocurrency #trading #altcoins