NEAR: bouncing from support with liquidity above
NEAR is reacting from an important support zone. There’s a large amount of sell-side liquidity above $5, so the bullish scenario has a clear target: support below, liquidity above.
Trade plan (NEAR Long)
Entry: current zone
Target: $6.00
Stop: $4.80
What to watch: whether support holds. A close below $4.80 invalidates the idea. Keep in mind that the sell-side liquidity above $5 could also act as resistance, so there’s no guarantee the price will break through it.
What do you think: will NEAR reach $6 or lose support? Let me know in the comments.
$NEAR
NEAR is reacting from an important support zone. There’s a large amount of sell-side liquidity above $5, so the bullish scenario has a clear target: support below, liquidity above.
Trade plan (NEAR Long)
Entry: current zone
Target: $6.00
Stop: $4.80
What to watch: whether support holds. A close below $4.80 invalidates the idea. Keep in mind that the sell-side liquidity above $5 could also act as resistance, so there’s no guarantee the price will break through it.
What do you think: will NEAR reach $6 or lose support? Let me know in the comments.
$NEAR