$NEAR
/USDT
Strong upward trend: the currency is in a "rally" (continuous rise) with an increase of 26.46%+ over 24 hours.
Current price: 1.233 USDT, which is very close to the recent peak it reached (1.248).
Japanese candles: the last candle shows some slight correction (small red candle) after touching the resistance level of 1.248, indicating profit-taking at this peak.
2. Technical indicators
Moving averages (EMA):
The price is trading above all moving averages (7, 25, 99), which is a very positive indicator.
The fast average (EMA 7) at 1.211 is currently acting as a very close support for the price.
The currency is in a positive momentum (Bulish). Entering now is considered high risk because it is at the peak.
For buyers: it is preferable to wait for a clear breakout above the level of 1.248 or wait for a slight correction to the areas of 1.210 - 1.215 to reduce risk.
For sellers: if you own the currency, you can take some profits here and place a stop-loss order below 1.210.$NVDAon $AAPLon #STBinancePreTGE #StrategyBTCPurchase