NEAR/USDT Technical Analysis: A Bearish Outlook
The NEAR/USDT is currently trading at $4.657, down 4.94% in the past 24 hours.
24-Hour High: 4.907
24-Hour Low: 4.621
24-Hour Volume (NEAR): 8.52M
24-Hour Volume (USDT): 40.61M
Support and Resistance: The immediate support level for NEAR is at $4.621, while the resistance lies at $4.907.
Trading Strategy:
If the price retraces to the $4.621 support level, a short-term buying opportunity might arise with a target of $4.907.
One potential strategy could be to wait for a pullback to the support level at $4.621. If the price holds above this level, it could be a sign of a potential reversal. Traders could then look to enter a long position with a stop-loss below the support level.
However, risk management is crucial due to the current market volatility.
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