$NEAR to $20? First, two tests of strength
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The $20 target attracts attention. But the fate of this scenario will be decided much earlier—at the $5 and $8.50 levels.
The first step is to establish a foothold above $5 and hold that area during a pullback. A sharp spike alone isn’t enough: what matters is whether buyers stick around afterward.
The next test is $8.50. A decisive breakout and hold above this resistance would strengthen the case for a move above $10. And $20 remains a longer-term target if the strong trend continues.
If the price fails to hold above these levels, the thesis will need to be reconsidered. There’s no timeline for these targets—confirmation matters more than expectations.
Are you waiting for a breakout at $NEAR , or would you only consider entering after a pullback?
Subscribe and like in advance
The $20 target attracts attention. But the fate of this scenario will be decided much earlier—at the $5 and $8.50 levels.
The first step is to establish a foothold above $5 and hold that area during a pullback. A sharp spike alone isn’t enough: what matters is whether buyers stick around afterward.
The next test is $8.50. A decisive breakout and hold above this resistance would strengthen the case for a move above $10. And $20 remains a longer-term target if the strong trend continues.
If the price fails to hold above these levels, the thesis will need to be reconsidered. There’s no timeline for these targets—confirmation matters more than expectations.
Are you waiting for a breakout at $NEAR , or would you only consider entering after a pullback?