BUY SETUP #NEAR Another Add-on into our SPOT now Looks prett | DaNger on Binance Square

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BUY SETUP #NEARAnother Add-on into our SPOT now
Looks pretty good from here
Need little patience and you'll see the results
Entry: 4.315
TP 1 - 4.65
TP 2- 5.00
ТР 3- 5.35
TP 4- 5.71$
$NEAR

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NEAR

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TODAY: Trump-backed World Liberty Financial bought 547,990 $SEI with 125,000 $USDC $SEI

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FTX USERS RECEIVING FUNDS Users with FTX claims of under $50,000 have started to receive funds today through distribution providers Kraken and Bitgo. This wave of creditors represents approximately $1.2B in value.

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Bitcoin Dominance (BTC.D) Analysis The chart displays Bitcoin Dominance (BTC.D) on the weekly timeframe, which measures Bitcoin’s market cap percentage relative to the entire crypto market. 🔹 Current Reading: • BTC dominance is around 62%, meaning capital is flowing more into Bitcoin than altcoins. • The market is in “Bitcoin Season”, indicating Bitcoin’s strength over altcoins. 🔻 Bearish Scenario (BTC.D Drops to 55%) ✅ Signal for an Altcoin Season: • If BTC.D drops from 62% to 55% (as shown by the white arrow), capital may shift towards altcoins, leading to strong rallies in smaller projects. • This decline could be driven by a loss of Bitcoin momentum or increased interest in altcoins. 🔺 Bullish Scenario (BTC.D Continues Above 62%) ❌ Increased Pressure on Altcoins: • If BTC dominance keeps rising, capital will remain in Bitcoin, limiting altcoin performance. • This scenario favors Bitcoin over alternative investments. 🎯 Conclusion & Recommendation: • A confirmed drop below 60% could signal the start of an altcoin season, making altcoins like SEI, DYM, and FET more attractive. • If BTC.D continues upward, Bitcoin remains the safest bet until a market shift occurs. ⚡ Monitoring BTC dominance is crucial for making informed trading decisions. Do you have any open positions that need further analysis?

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This analysis is based on the concept of price fractals, comparing SEI’s current movement to a similar past pattern, suggesting a potential strong rally if the expected scenario plays out. Strengths of the Analysis: 1. Strong Support Zone: Multiple rebounds from a key level (yellow arrows) indicate a significant support area, which could serve as a launch point for an uptrend. 2. Clear Target Levels: The analysis sets specific price targets at 2.4679, 5.6245, 13.6877, and 23.9457, outlining a clear bullish outlook. 3. Fractal Pattern Application: If the past pattern repeats, SEI could experience a price explosion similar to the previous movement. Points to Monitor: 1. Breakout Confirmation: The current price at $0.2371 is near a resistance level and needs a confirmed breakout above $0.3162 to validate the bullish scenario. 2. Overall Market Context: If Bitcoin or the broader market enters a correction, it could weaken this scenario. 3. Liquidity and Volume: Monitoring trading volume is crucial to confirm whether there is strong buying interest supporting the move. Conclusion: If SEI successfully breaks above $0.3162, it could present a strong buying opportunity. However, caution is advised, as some of the higher targets may take longer to reach. $SEI

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