đ Read pulling back
$NEAR
EMAs are stacked bullishly: EMA5 5.346 > EMA10 5.288 > EMA20 5.148.
Price is 5.357, above all three EMAs, after a run from about 4.69 to a 5.436 high.
RSI(6/14/24) is 69 / 72 / 68. It is hot but cooling off the 90 zone, and the last red candles show momentum fading.
Price is holding the EMA5, with 5.436 as the nearest resistance.
đą Long setup (pullback entry)
Entry zone: 5.29â5.34 (EMA5/EMA10 retest)
SL: 5.14, below EMA20 and the 5.128 level
TP1: 5.436 (recent high)
TP2: 5.47 (top of the range on your chart)
TP3: 5.55+ if 5.47 breaks on volume
R/R: about 1:1.2 to TP1, about 1:2 to TP2 from a 5.31 entry
$NEAR
EMAs are stacked bullishly: EMA5 5.346 > EMA10 5.288 > EMA20 5.148.
Price is 5.357, above all three EMAs, after a run from about 4.69 to a 5.436 high.
RSI(6/14/24) is 69 / 72 / 68. It is hot but cooling off the 90 zone, and the last red candles show momentum fading.
Price is holding the EMA5, with 5.436 as the nearest resistance.
đą Long setup (pullback entry)
Entry zone: 5.29â5.34 (EMA5/EMA10 retest)
SL: 5.14, below EMA20 and the 5.128 level
TP1: 5.436 (recent high)
TP2: 5.47 (top of the range on your chart)
TP3: 5.55+ if 5.47 breaks on volume
R/R: about 1:1.2 to TP1, about 1:2 to TP2 from a 5.31 entry