$NEAR just shot up. But was that a true breakout or a whale trap?
Many get caught chasing green candles, especially when $NEAR moves fast. Often, these quick pumps are liquidity grabs designed to trap FOMO buyers before a retrace. Don't fall for it.
Always check for strong, sustained volume on the breakout candle. Did it close convincingly above key resistance on higher timeframes? Or was it just a wick that quickly faded? Whales love to sweep liquidity above highs, then dump.
Protect your capital. Is the volume confirming conviction, or just a quick market order sweep?
Not financial advice. DYOR.
#NEARProtocol #CryptoRisk #WhaleTrap #TradingTips #Liquidity