๐ $NEAR | Morning Analysis Update and Upcoming Price Plan! ๐
With trading in $NEAR stabilizing on the 30-minute timeframe, here is our upcoming technical plan for targeting higher returns:
๐ Expected scenario and game plan:
1๏ธโฃ Breakout journey: For bullish momentum to continue, the price must break strongly above the 78.6% Fibonacci level, with a clear candle close above it.
2๏ธโฃ First stop: Once the breakout occurs, we will immediately target the 50.0% midpoint (near the $5.41 area).
3๏ธโฃ Golden entry zone: We won't enter arbitrarily. Instead, we'll wait for a correction and a retest of the 50% area or its surrounding support, making this the safe entry point (Spot Entry).
4๏ธโฃ Main target: From the rebound point, we will target the continuation of the wave toward the major resistance and the peak at the $6.00 level.
๐ก Risk management comes first: Patience is the key to successful trading, and placing a stop-loss below current support ($4.90) will ensure your portfolio is fully protected.
๐ Share your thoughts: Do you expect the 78.6% level to be broken today?
(Follow me ๐ for trade updates and ongoing technical analysis!)
#NEAR๐๐๐ | #AnalyseCrypto | #Spot
With trading in $NEAR stabilizing on the 30-minute timeframe, here is our upcoming technical plan for targeting higher returns:
๐ Expected scenario and game plan:
1๏ธโฃ Breakout journey: For bullish momentum to continue, the price must break strongly above the 78.6% Fibonacci level, with a clear candle close above it.
2๏ธโฃ First stop: Once the breakout occurs, we will immediately target the 50.0% midpoint (near the $5.41 area).
3๏ธโฃ Golden entry zone: We won't enter arbitrarily. Instead, we'll wait for a correction and a retest of the 50% area or its surrounding support, making this the safe entry point (Spot Entry).
4๏ธโฃ Main target: From the rebound point, we will target the continuation of the wave toward the major resistance and the peak at the $6.00 level.
๐ก Risk management comes first: Patience is the key to successful trading, and placing a stop-loss below current support ($4.90) will ensure your portfolio is fully protected.
๐ Share your thoughts: Do you expect the 78.6% level to be broken today?
(Follow me ๐ for trade updates and ongoing technical analysis!)
#NEAR๐๐๐ | #AnalyseCrypto | #Spot