The current setup for $NEAR presents a clear scalping opportunity. I’m opening a LARGE LONG position.
TP: $4.72
SL: $4.55
The asset is currently trading near $4.634. The technical structure shows that the lower area has already been tested several times. Buyers’ resilience, as they continue to defend this support and prevent a breakdown, is what strengthens the bullish thesis. In addition, there is a strong concentration of liquidity in the $4.72–$4.73 range.
The strategy isn’t to capture an extended swing move, but rather a quick rebound from the bottom toward the liquidity above. If buying pressure continues, the price should react quickly.
$NEAR
#NEAR
TP: $4.72
SL: $4.55
The asset is currently trading near $4.634. The technical structure shows that the lower area has already been tested several times. Buyers’ resilience, as they continue to defend this support and prevent a breakdown, is what strengthens the bullish thesis. In addition, there is a strong concentration of liquidity in the $4.72–$4.73 range.
The strategy isn’t to capture an extended swing move, but rather a quick rebound from the bottom toward the liquidity above. If buying pressure continues, the price should react quickly.
$NEAR
#NEAR