Everyone is talking about $NEAR’s recent rise, but the hype is overblown. The four-hour chart remains firmly bullish, and the one-hour chart reflects that trend. Price is stuck in a tight range, waiting for a breakout.
I see a clear continuation pattern taking shape. The next momentum move is expected to push the price above recent highs, giving us a good entry opportunity between 5.1547 and 5.1753. The structure is respecting higher lows, and volume is finally starting to align with the upward move.
Entry Point (EP): 5.1547 – 5.1753
First Target (TP1): 5.2788
Second Target (TP2): 5.3698
Third Target (TP3): 5.4609
Stop Loss (SL): 5.0512
Do you think the current rally will last long enough for the stop loss to remain safely out of reach, or are we about to face some pressure?
I see a clear continuation pattern taking shape. The next momentum move is expected to push the price above recent highs, giving us a good entry opportunity between 5.1547 and 5.1753. The structure is respecting higher lows, and volume is finally starting to align with the upward move.
Entry Point (EP): 5.1547 – 5.1753
First Target (TP1): 5.2788
Second Target (TP2): 5.3698
Third Target (TP3): 5.4609
Stop Loss (SL): 5.0512
Do you think the current rally will last long enough for the stop loss to remain safely out of reach, or are we about to face some pressure?