$NEAR 🟢
Bias: Long @ 5.0215
Stop: 4.8033 | Take Profit: 5.5
NEAR just blasted through a key level and the trend is still pointing up.
The chart shows a clear bullish trend, confirmed by a recent change of character and a break of structure just two candles ago. Price is now in a breakout premium zone, having decisively cleared the dealing range high. While we are extended from the nearest bullish fair value gap and order block, the momentum is strong. The logical stop loss is placed just below the recent swing high at 4.8033, which also aligns with the broken structure level. The initial target is the next open sell-side liquidity level below, which presents a clear objective for the move. The main risk is a false breakout and a pullback into the premium zone for a deeper retest.
If we get a sharp rejection back into the range, we'll know the breakout lacked conviction.
#Futures #TradingSignals #NEAR
Bias: Long @ 5.0215
Stop: 4.8033 | Take Profit: 5.5
NEAR just blasted through a key level and the trend is still pointing up.
The chart shows a clear bullish trend, confirmed by a recent change of character and a break of structure just two candles ago. Price is now in a breakout premium zone, having decisively cleared the dealing range high. While we are extended from the nearest bullish fair value gap and order block, the momentum is strong. The logical stop loss is placed just below the recent swing high at 4.8033, which also aligns with the broken structure level. The initial target is the next open sell-side liquidity level below, which presents a clear objective for the move. The main risk is a false breakout and a pullback into the premium zone for a deeper retest.
If we get a sharp rejection back into the range, we'll know the breakout lacked conviction.
#Futures #TradingSignals #NEAR