Absolutely phenomenal price action on $NEAR .
It's above $5.
Now, two questions to ask.
1. Is this the right time to buy for a long term position?
Honestly, I don't think so. Narrative is strong, momentum is strong, but markets are going into waves.
If you'd want to be building a position, just wait for a correction to come. It will come. Probably comments will say that it will never come, but it will.
2. How about daytrading this asset?
Actually, this is a phenomenal one to daytrade, as it's doing clear support/resistance tests on a constant basis.
I don't think we'll see much more upside yet, and I'm looking to derisk a little more here in these ranges, but overall.
$NEAR
Congratulations.
It's above $5.
Now, two questions to ask.
1. Is this the right time to buy for a long term position?
Honestly, I don't think so. Narrative is strong, momentum is strong, but markets are going into waves.
If you'd want to be building a position, just wait for a correction to come. It will come. Probably comments will say that it will never come, but it will.
2. How about daytrading this asset?
Actually, this is a phenomenal one to daytrade, as it's doing clear support/resistance tests on a constant basis.
I don't think we'll see much more upside yet, and I'm looking to derisk a little more here in these ranges, but overall.
$NEAR
Congratulations.
