#Near is putting on a solid show right now up around +9% on the 4H frame and pushing right up against that local $5.34 level. Volume looks super healthy (sitting over $800M), so there's genuine buying weight behind this move.
Here’s how the chart is setting up:
The Good: We’re trading nicely above the 7, 25, and 99 MAs. The structure since bouncing off $4.54 has been a clean stair-step up, making higher lows all the way.
The Catch: The order book is slightly heavy on the ask side right here (~55% asks) as folks take short-term profits near the $5.33 high. Expect a little bit of chopping around before a real decision is made.
How I'm looking to play this:
Breakout Entry: Looking for a solid 4H candle body close above $5.34. If we hold above that, momentum could easily push us toward $5.60 and then $6.00.
Dip Buy: If we get a pullback first, the $5.00 – $5.05 area sits right on top of the 7 & 25 MAs. That’s where I’d expect buyers to step back in. Stop loss for this idea goes under $4.72.
Are you guys riding this move or waiting for a dip back to $5.00 first?
$NEAR
Here’s how the chart is setting up:
The Good: We’re trading nicely above the 7, 25, and 99 MAs. The structure since bouncing off $4.54 has been a clean stair-step up, making higher lows all the way.
The Catch: The order book is slightly heavy on the ask side right here (~55% asks) as folks take short-term profits near the $5.33 high. Expect a little bit of chopping around before a real decision is made.
How I'm looking to play this:
Breakout Entry: Looking for a solid 4H candle body close above $5.34. If we hold above that, momentum could easily push us toward $5.60 and then $6.00.
Dip Buy: If we get a pullback first, the $5.00 – $5.05 area sits right on top of the 7 & 25 MAs. That’s where I’d expect buyers to step back in. Stop loss for this idea goes under $4.72.
Are you guys riding this move or waiting for a dip back to $5.00 first?
$NEAR