Coin $NEAR – Momentum Strategy and Resistance Test ⚡
Coin trade | Aiming to break through the $5 barrier
Hello everyone! 📊
Here’s a quick technical look at the price action of NEAR Protocol (#NEAR🚀🚀🚀 ) and the opportunities it presents.
🎯 Digital trading plan:
Entry zone: Between 4.880 and 4.930 USDT (or after holding above 5.000 USDT).
First target: 5.100 USDT 🎯
Second target: 5.250 USDT 🎯
Third target: 5.500 USDT 🎯
Stop loss: A 15-minute candle breaks and closes below 4.770 USDT 🛑.
🔍 Technical reasons for the trade:
Quick rebound: After a sharp drop toward the 4.30 low, the coin formed a strong bullish engulfing candle on the 15-minute timeframe, breaking above the moving averages.
Buyers in control: The RSI is holding at elevated levels, reflecting buyers’ eagerness to push the price toward the key psychological resistance level.
This is technical analysis, not financial advice. Do your own research.
💡 A constant reminder: Capital management and sticking to your stop loss are the cornerstones of successful trading. Good luck, everyone! 🚀
$USDC $AVAX #AVA #ETH
Coin trade | Aiming to break through the $5 barrier
Hello everyone! 📊
Here’s a quick technical look at the price action of NEAR Protocol (#NEAR🚀🚀🚀 ) and the opportunities it presents.
🎯 Digital trading plan:
Entry zone: Between 4.880 and 4.930 USDT (or after holding above 5.000 USDT).
First target: 5.100 USDT 🎯
Second target: 5.250 USDT 🎯
Third target: 5.500 USDT 🎯
Stop loss: A 15-minute candle breaks and closes below 4.770 USDT 🛑.
🔍 Technical reasons for the trade:
Quick rebound: After a sharp drop toward the 4.30 low, the coin formed a strong bullish engulfing candle on the 15-minute timeframe, breaking above the moving averages.
Buyers in control: The RSI is holding at elevated levels, reflecting buyers’ eagerness to push the price toward the key psychological resistance level.
This is technical analysis, not financial advice. Do your own research.
💡 A constant reminder: Capital management and sticking to your stop loss are the cornerstones of successful trading. Good luck, everyone! 🚀
$USDC $AVAX #AVA #ETH