Take a look at the reaction that $NEAR is having over the 4-hour timeframe. After absorbing the impact from the local maximum at $5.578, the current candle has strongly rejected the lows at $4.883, leaving a clear absorption wick right in the immediate support area.
The price is trading at $4.919, seeking to reclaim the MA7 ($4.931) in order to open the way for a direct retest toward the MA25 ($5.005). As long as the $4.90 – $4.93 range holds as a buyer floor, the bias favors a direct technical bounce toward the higher resistance levels.
This is how the operational plan is structured to execute this session:
🔹 Asset: $NEAR (4H Timeframe)
🟢 MAIN PLAN (LONG FOR A BOUNCE):
Entry Zone: $4.90 – $4.93 USDT (Entry at current price and dynamic support)
Stop Loss (SL): $4.83 USDT (Invalidation below the candle’s low)
TP1 (1 Hour): $5.00 USDT (Direct retest to the MA25 at $5.005)
TP2 (2 to 3 Hours): $5.15 USDT (Intermediate resistance after breaking through the MAs)
TP3 (4 Hours): $5.35 USDT (Zone prior to the local maximum at $5.578)
🛡️ RISK MANAGEMENT:
1% Rule: Calculate the size of your entry so that a move to the Stop Loss ($4.83) does not risk more than 1% of your account’s total balance.
Active Stop Loss: Place the protective order at $4.83 immediately when opening the position.
Move to Break-Even: When TP1 ($5.00) is reached, close 50% of the trade to lock in profit and adjust the remaining Stop Loss to the exact entry price.
The rejection at $4.883 shows defensive presence. Do you see $NEAR crossing the MA25 to go for $5.15, or will it retest the base of the support?
Leave your take in the comments and let’s talk about the move! 💬👇
The price is trading at $4.919, seeking to reclaim the MA7 ($4.931) in order to open the way for a direct retest toward the MA25 ($5.005). As long as the $4.90 – $4.93 range holds as a buyer floor, the bias favors a direct technical bounce toward the higher resistance levels.
This is how the operational plan is structured to execute this session:
🔹 Asset: $NEAR (4H Timeframe)
🟢 MAIN PLAN (LONG FOR A BOUNCE):
Entry Zone: $4.90 – $4.93 USDT (Entry at current price and dynamic support)
Stop Loss (SL): $4.83 USDT (Invalidation below the candle’s low)
TP1 (1 Hour): $5.00 USDT (Direct retest to the MA25 at $5.005)
TP2 (2 to 3 Hours): $5.15 USDT (Intermediate resistance after breaking through the MAs)
TP3 (4 Hours): $5.35 USDT (Zone prior to the local maximum at $5.578)
🛡️ RISK MANAGEMENT:
1% Rule: Calculate the size of your entry so that a move to the Stop Loss ($4.83) does not risk more than 1% of your account’s total balance.
Active Stop Loss: Place the protective order at $4.83 immediately when opening the position.
Move to Break-Even: When TP1 ($5.00) is reached, close 50% of the trade to lock in profit and adjust the remaining Stop Loss to the exact entry price.
The rejection at $4.883 shows defensive presence. Do you see $NEAR crossing the MA25 to go for $5.15, or will it retest the base of the support?
Leave your take in the comments and let’s talk about the move! 💬👇
