NEAR Protocol just ripped 8.2% and the daily chart is a thing of beauty — price above SMA7, SMA25, and SMA99 with expanding MACD. 🚀
4H RSI at 59.8, daily RSI at 67.4. Both bullish but not overbought. The daily MACD histogram is expanding (+0.033), showing momentum is building, not fading.
The one concern: volume ratio at 0.77x means this move happened on below-average volume. Rallies without volume confirmation are vulnerable to quick reversals.
📊 Trade Plan (LONG):
• Entry: $2.47 – $2.55
• Stop Loss: $2.35 (below 4H SMA25)
• TP1: $2.61 | TP2: $2.71 | TP3: $2.81
• Risk/Reward: 0.6x
The L/S ratio at 1.56 is bullish — market participants are leaning long, which aligns with the trend. But the low volume is a yellow flag. I would enter with reduced size and add on a volume-confirmed break above $2.55.
If volume picks up and we close above $2.55 on 4H, this could run to $2.80+ quickly.
NEAR has been one of the best L1 performers this cycle. Are you holding or taking profits at these levels?
#NEAR #L1 #DYOR
Disclaimer: This is not financial advice. Always do your own research and manage risk accordingly.
4H RSI at 59.8, daily RSI at 67.4. Both bullish but not overbought. The daily MACD histogram is expanding (+0.033), showing momentum is building, not fading.
The one concern: volume ratio at 0.77x means this move happened on below-average volume. Rallies without volume confirmation are vulnerable to quick reversals.
📊 Trade Plan (LONG):
• Entry: $2.47 – $2.55
• Stop Loss: $2.35 (below 4H SMA25)
• TP1: $2.61 | TP2: $2.71 | TP3: $2.81
• Risk/Reward: 0.6x
The L/S ratio at 1.56 is bullish — market participants are leaning long, which aligns with the trend. But the low volume is a yellow flag. I would enter with reduced size and add on a volume-confirmed break above $2.55.
If volume picks up and we close above $2.55 on 4H, this could run to $2.80+ quickly.
NEAR has been one of the best L1 performers this cycle. Are you holding or taking profits at these levels?
#NEAR #L1 #DYOR
Disclaimer: This is not financial advice. Always do your own research and manage risk accordingly.