📊 Read pulling back
$NEAR
EMAs are stacked bullishly: EMA5 5.346 > EMA10 5.288 > EMA20 5.148.
Price is 5.357, above all three EMAs, after a run from about 4.69 to a 5.436 high.
RSI(6/14/24) is 69 / 72 / 68. It is hot but cooling off the 90 zone, and the last red candles show momentum fading.
Price is holding the EMA5, with 5.436 as the nearest resistance.
🟢 Long setup (pullback entry)
Entry zone: 5.29–5.34 (EMA5/EMA10 retest)
SL: 5.14, below EMA20 and the 5.128 level
TP1: 5.436 (recent high)
TP2: 5.47 (top of the range on your chart)
TP3: 5.55+ if 5.47 breaks on volume
R/R: about 1:1.2 to TP1, about 1:2 to TP2 from a 5.31 entry
$NEAR
EMAs are stacked bullishly: EMA5 5.346 > EMA10 5.288 > EMA20 5.148.
Price is 5.357, above all three EMAs, after a run from about 4.69 to a 5.436 high.
RSI(6/14/24) is 69 / 72 / 68. It is hot but cooling off the 90 zone, and the last red candles show momentum fading.
Price is holding the EMA5, with 5.436 as the nearest resistance.
🟢 Long setup (pullback entry)
Entry zone: 5.29–5.34 (EMA5/EMA10 retest)
SL: 5.14, below EMA20 and the 5.128 level
TP1: 5.436 (recent high)
TP2: 5.47 (top of the range on your chart)
TP3: 5.55+ if 5.47 breaks on volume
R/R: about 1:1.2 to TP1, about 1:2 to TP2 from a 5.31 entry