NEAR Protocol (NEAR) is squeezing to the trend line. What will happen next?
The squeeze shows that buyers are willing to buy higher and higher, and there are not enough sellers so the price rises even more.
Also, the fuel for the pump will be the traders who opened short positions and will close them at a loss, giving additional liquidity to the buyers.
It will be important to watch for false breakout of the trend line. After a false breakout, the volumes should increase, indicating the presence of a buyer.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
The squeeze shows that buyers are willing to buy higher and higher, and there are not enough sellers so the price rises even more.
Also, the fuel for the pump will be the traders who opened short positions and will close them at a loss, giving additional liquidity to the buyers.
It will be important to watch for false breakout of the trend line. After a false breakout, the volumes should increase, indicating the presence of a buyer.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
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