🚨$NEAR has already made the move most traders were waiting for but the real question starts here.
If $5.20 finally gives way, does this turn into the kind of expansion nobody is positioned for?
And could $7 become a destination rather than just another number on the chart?
$NEAR is currently sitting around the $4.90 area, right below a resistance zone that has been keeping the rally in check. What makes this interesting is that price hasn’t completely erased the previous move; buyers are still defending the higher-low structure. That means the market is approaching a decision point rather than simply trending sideways. A clean break above $5.20, followed by acceptance above it, could bring fresh momentum into the chart. From there, $5.50 and $6 become the areas I’d want to see price conquer before even thinking seriously about $7.
📈 LONG TRADING PLAN
Entry Zone: $4.85 – $4.98
TP1: $5.50
TP2: $6.15
TP3: $7.00
Stop Loss: $4.45
The interesting part isn’t whether NEAR can randomly print $7 for a few minutes it’s whether the market can build enough structure to actually stay above each level on the way there. If $5.20 flips into support, the narrative changes quickly because traders who sold the previous rejection are suddenly forced to reconsider their positions.
A move through $5.50 with strong volume would make the next leg much more convincing, while $6 could become the psychological battleground before the larger $7 target. On the other hand, losing the $4.50–$4.60 structure would weaken the setup and show that buyers still aren’t ready to control the higher timeframe. For now, $5.20 is the level I’m watching most closely.
#Nearusdt #BullishMomentum #future
If $5.20 finally gives way, does this turn into the kind of expansion nobody is positioned for?
And could $7 become a destination rather than just another number on the chart?
$NEAR is currently sitting around the $4.90 area, right below a resistance zone that has been keeping the rally in check. What makes this interesting is that price hasn’t completely erased the previous move; buyers are still defending the higher-low structure. That means the market is approaching a decision point rather than simply trending sideways. A clean break above $5.20, followed by acceptance above it, could bring fresh momentum into the chart. From there, $5.50 and $6 become the areas I’d want to see price conquer before even thinking seriously about $7.
📈 LONG TRADING PLAN
Entry Zone: $4.85 – $4.98
TP1: $5.50
TP2: $6.15
TP3: $7.00
Stop Loss: $4.45
The interesting part isn’t whether NEAR can randomly print $7 for a few minutes it’s whether the market can build enough structure to actually stay above each level on the way there. If $5.20 flips into support, the narrative changes quickly because traders who sold the previous rejection are suddenly forced to reconsider their positions.
A move through $5.50 with strong volume would make the next leg much more convincing, while $6 could become the psychological battleground before the larger $7 target. On the other hand, losing the $4.50–$4.60 structure would weaken the setup and show that buyers still aren’t ready to control the higher timeframe. For now, $5.20 is the level I’m watching most closely.
#Nearusdt #BullishMomentum #future
