Hello Traders!
A corrective movement is developing in NEAR. The price went under the MA100 on the daily timeframe and the RSI indicator is in the bearish zone.
There is buying weakness in the market at the moment, so the probability of a continuation of the correction in many instruments is increasing. This can be used to get more comfortable entry points into assets.
It is acceptable to look for the first purchases in a range of $6.38 - $7.38, and in case of correction, proceed with buying between $4.48 - $5.50.
We should close the deal by a stop-loss in case the price goes under $3.62 to avoid a panic sale in the market.
The targets are in the range of $11.59 - $13.29
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
A corrective movement is developing in NEAR. The price went under the MA100 on the daily timeframe and the RSI indicator is in the bearish zone.
There is buying weakness in the market at the moment, so the probability of a continuation of the correction in many instruments is increasing. This can be used to get more comfortable entry points into assets.
It is acceptable to look for the first purchases in a range of $6.38 - $7.38, and in case of correction, proceed with buying between $4.48 - $5.50.
We should close the deal by a stop-loss in case the price goes under $3.62 to avoid a panic sale in the market.
The targets are in the range of $11.59 - $13.29
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice