🚨 $NEAR BULLISH RECOVERY, BUT ONE LEVEL MATTERS
$NEAR is showing signs of recovery on the 4H chart after bouncing from the $4.521 low. Price is now around $5.017, and buyers have pushed it back above the 7 MA at $4.877 and the 25 MA at $4.921.
But there’s still one thing I’m watching closely: the 99 MA is sitting near $5.077, which could act as resistance.
I like the recovery, but I wouldn’t call it a confirmed breakout just yet.
My trade plan 👇
📍 Entry zone: $4.920–$4.980, if the pullback holds and buyers step in
🟢 Support: $4.920, $4.877, $4.777
🔴 Resistance: $5.077, $5.107, $5.250
🛑 Stop-loss: $4.760
🎯 Target 1: $5.107
🎯 Target 2: $5.250
🎯 Target 3: $5.438, if momentum builds
What I’m watching:
If NEAR breaks above $5.077–$5.107 and holds that area, buyers could push price toward the next resistance levels.
On the other hand, if price gets rejected around $5.077 and loses $4.920, I’d expect another test of lower support. A break below $4.777 would weaken the recovery further.
For the entry zone above, the estimated risk-to-reward is around 1:0.8 to Target 1 and 1:1.7 to Target 2, depending on the exact entry. I’d prefer stronger confirmation or a better entry before taking the trade.
Risk management: I’d risk no more than 1% of my trading capital and size the position based on the stop-loss distance.
Invalidation: A 4H close below $4.760 would invalidate this particular long setup.
For me, NEAR is trying to recover, but the $5.077–$5.107 zone is the real test. I want to see buyers prove their strength instead of chasing the move.
Based on the provided 4H chart. Levels are for planning, not guaranteed outcomes. DYOR — Not financial advice.
$NEAR is showing signs of recovery on the 4H chart after bouncing from the $4.521 low. Price is now around $5.017, and buyers have pushed it back above the 7 MA at $4.877 and the 25 MA at $4.921.
But there’s still one thing I’m watching closely: the 99 MA is sitting near $5.077, which could act as resistance.
I like the recovery, but I wouldn’t call it a confirmed breakout just yet.
My trade plan 👇
📍 Entry zone: $4.920–$4.980, if the pullback holds and buyers step in
🟢 Support: $4.920, $4.877, $4.777
🔴 Resistance: $5.077, $5.107, $5.250
🛑 Stop-loss: $4.760
🎯 Target 1: $5.107
🎯 Target 2: $5.250
🎯 Target 3: $5.438, if momentum builds
What I’m watching:
If NEAR breaks above $5.077–$5.107 and holds that area, buyers could push price toward the next resistance levels.
On the other hand, if price gets rejected around $5.077 and loses $4.920, I’d expect another test of lower support. A break below $4.777 would weaken the recovery further.
For the entry zone above, the estimated risk-to-reward is around 1:0.8 to Target 1 and 1:1.7 to Target 2, depending on the exact entry. I’d prefer stronger confirmation or a better entry before taking the trade.
Risk management: I’d risk no more than 1% of my trading capital and size the position based on the stop-loss distance.
Invalidation: A 4H close below $4.760 would invalidate this particular long setup.
For me, NEAR is trying to recover, but the $5.077–$5.107 zone is the real test. I want to see buyers prove their strength instead of chasing the move.
Based on the provided 4H chart. Levels are for planning, not guaranteed outcomes. DYOR — Not financial advice.