This article examines near-term trading opportunities in the cryptocurrency market by analyzing AUDIO, NEAR, and TRX. We explore potential price movements and provide entry/exit points for short and long positions based on technical analysis tools such as Fibonacci levels. 🎧
**AUDIO Analysis:** AUDIO has been trapped in a downtrend but recently broke through a pennant pattern before falling below it again. The article suggests investors may short positions at the resistance level around $0.064, targeting take-profit levels near $0.0595 and $0.058. The stop loss is suggested as above the previous high of $0.0666.
**NEAR Analysis:** NEAR has previously broken through a downtrend but faced resistance around $3.1 before pulling back. Now, it’s forming a small flag pattern, indicating potential for further price movement. For long positions, the article suggests buying near the bottom of the flag between $2.3 and $2.45. Take-profit targets are set at $3.1, $3.35, $3.64 and $3.9. The stop loss is recommended to be set near $2.27 or 3% below the flag ($2.222).
**TRX Analysis:** TRX recently broke below its uptrend line, experiencing a sharp drop on September 5th. After finding support at $0.2977, it rebounded quickly. The price is now battling around the key resistance level near $0.3358 (Fibonacci 0.5), with potential for short positions based on current market conditions. The article suggests entry opportunities near the current price. The target for taking profits are set in batches at $0.298, $0.288, $0.278 and $0.27. The stop-loss is suggested to be between $0.34 and $0.345.
**Disclaimer:** This analysis is for informational purposes only and should not be interpreted as financial advice. Investors are advised to conduct their own research before making any trading decisions.