$NEAR
Analysis of Near (NEAR/USDT) trading trends:
1. Trading volume:
Total buying volume: 24.55M.
Total selling volume: 29.36M.
Large cash inflow in 24h: -4.81M, indicating dominant selling pressure.
2. Technical chart:
RSI (6): 61.45, trend nearing overbought threshold, indicating that the upward momentum is showing signs of slowing down.
MACD: The MACD line is positive, but crossing closely, needs further monitoring.
MA(50) and MA(200) support short-term upward trend, but caution is needed as the price approaches resistance at 6.6.
3. Comments:
Near is recovering, but facing strong resistance in the 6.6 area.
High likelihood of correction if it cannot surpass this threshold.
4. Trading scenarios:
Entry Point Long: 6.4 - 6.5 (if RSI cools down to 55 - 60).
Stop Loss: 6.3.
Take Profit: 6.9 - 7.0.
Entry Point Short: 6.6 - 6.7 (strong resistance area, if RSI > 70).
Stop Loss: 6.8.
Take Profit: 6.2 - 6.3.
Predicted success rate:
Long: 60% (if correction and support hold firm).
Short: 70% (current strong selling pressure).
Recommendation: Closely monitor trading volume and market momentum before entering orders.