The $NEAR chart is whispering a warning to traders who are sleeping on its current consolidation. With its price holding near the midpoint of its recent range, the real question is what's brewing beneath the surface. The 24-hour range has been remarkably tight, hinting at a buildup of energy that could soon be unleashed.
Traders should be monitoring the levels that have defined this range, as a breakout from this area could signal the start of a new trend. The fact that $NEAR is currently trading near the middle of this range suggests a balance between buyers and sellers, but this equilibrium is unlikely to last. What are you watching on $NEAR right now?
Watching $NEAR vs this range.
#breakoutalert