$NEAR keeps printing higher lows under one lid.
Binance spot, ~00:00 IST Tuesday:
$NEAR ~$5.15 (+2.6% 24h) while $BTC ~$85.6k (+0.3%) and most alts sit red.
On the 4H chart:
Oct 3 low ~$4.59, Oct 5 low ~$4.81, and today's dips stopped near $4.92 to $4.94. Each pullback is getting bought higher.
The lid is $5.18 to $5.19: the Sep 29 wick and Monday's high. Price has pushed into it and hasn't closed a 4H candle above it yet.
How I'm framing it:
TRIGGER: a 4H close above ~$5.20 opens the $5.35 to $5.55 zone where the Sep 28 and Oct 1 rallies stalled
HOLD: $4.92 to $5.00 has to keep catching dips for the higher-low structure to stay intact
INV: a 4H close under ~$4.80 breaks the stair-step and puts NEAR back in last week's range
Rising lows into flat resistance is a pattern that can go either way. Waiting for the close beats guessing the wick.
Not financial advice, just how I'm reading the chart.
Reply BREAK if you think $5.20 goes, or WALL if the lid holds again.
#NEAR #ChartSetup #BinanceSquare
Binance spot, ~00:00 IST Tuesday:
$NEAR ~$5.15 (+2.6% 24h) while $BTC ~$85.6k (+0.3%) and most alts sit red.
On the 4H chart:
Oct 3 low ~$4.59, Oct 5 low ~$4.81, and today's dips stopped near $4.92 to $4.94. Each pullback is getting bought higher.
The lid is $5.18 to $5.19: the Sep 29 wick and Monday's high. Price has pushed into it and hasn't closed a 4H candle above it yet.
How I'm framing it:
TRIGGER: a 4H close above ~$5.20 opens the $5.35 to $5.55 zone where the Sep 28 and Oct 1 rallies stalled
HOLD: $4.92 to $5.00 has to keep catching dips for the higher-low structure to stay intact
INV: a 4H close under ~$4.80 breaks the stair-step and puts NEAR back in last week's range
Rising lows into flat resistance is a pattern that can go either way. Waiting for the close beats guessing the wick.
Not financial advice, just how I'm reading the chart.
Reply BREAK if you think $5.20 goes, or WALL if the lid holds again.
#NEAR #ChartSetup #BinanceSquare
