Is $NEAR setting up for a massive breakout or just baiting the late buyers again?
Looking at the 1-hour chart, NEAR is currently fighting for its life at 1.103. We saw a nice little relief bounce from the 1.084 bottom, but the momentum seems to be stalling out here. The volume is sitting at 20M NEAR, which is decent, but we really need to see some aggressive buying if we want to flip 1.15 into support. Right now, it's just printing lower highs and that’s making me a bit nervous for the short term. If the 1.100 psychological level holds, we might see another push toward 1.147. But honestly, if we close a candle below 1.08, expect a fast trip down to the next support zone.
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Is $NEAR setting up for a massive breakout or just baiting the late buyers again?
Looking at the 1-hour chart, NEAR is currently fighting for its life at 1.103. We saw a nice little relief bounce from the 1.084 bottom, but the momentum seems to be stalling out here.
The volume is sitting at 20M NEAR, which is decent, but we really need to see some aggressive buying if we want to flip 1.15 into support. Right now, it's just printing lower highs and that’s making me a bit nervous for the short term.
If the 1.100 psychological level holds, we might see another push toward 1.147. But honestly, if we close a candle below 1.08, expect a fast trip down to the next support zone.
#BitcoinBouncesBack