NEAR/USDT Trading Strategy for Quick Profit
1. Buy Zones (Entry):
Strong Support Zone: Wait for the price to drop to around 4.42 - 4.45 USDT. This is an important support level. If the price reaches this range and does not break down, it is a good opportunity to buy.
RSI Buy Signal: If the RSI is below 30, it means that the currency is in the "oversold" zone, which is a signal to buy before the price rebounds.
2. Sell Zones (Exit):
Resistance Take Profit: When the price reaches 5.00 - 5.35 USDT, you can take your profits and exit. This is a resistance zone that the price may not easily exceed.
RSI Sell Signal: If the RSI reaches 70 or above, it means that the currency is in the "overbought" zone, which is a signal to sell before a correction occurs.
3. Stop Loss Setting (Capital Protection):
Stop Loss at 4.30 USDT: If the price drops below 4.30 USDT, it is advisable to sell the currency to protect capital from any significant decline.
4. Key Points to Watch:
SAR (Parabolic): If the yellow dots turn upwards above the candles, it means that the trend may turn bearish, and you should consider exiting.
Moving Averages (MA): If the short moving average (MA5) crosses above the longer moving average (MA10), it is a signal of an upcoming rise.
5. Quick Strategy Summary:
Buy: at 4.42 - 4.45 USDT.
Sell: at 5.00 - 5.35 USDT.
Stop Loss: at 4.30 USDT.
Indicators to watch: RSI, SAR, MA.
Working example:
If you bought 100 units of NEAR at 4.45 USDT (total 445 USDT) and sold them at 5.35 USDT, you would make a profit of 90 USDT (more than 20% profit).