$NEAR USDT Long (breakout and retest)
Price is ~5.370, breaking above the resistance zone (5.328-5.41) after bouncing off the rising trendline and the HL near 4.90. Your drawn path shows a retest of 5.328 before continuation.
Entry: 5.33-5.36 on a retest of the broken 5.328 level that holds (bullish 1h candle), or a safer entry on a 1h close above 5.41
Stop loss: 5.18 (below the retest and the rising trendline)
TP1: 5.60 TP2: 5.80 TP3: 6.00 (only if 5.80 breaks with volume)
Notes:
Structure is bullish: higher lows along the trendline, a new HH, and volume expanding on the breakout candle. The current candle is already extended, so don't chase. Wait for the retest or a confirmed close above 5.41. Skip the trade if a 1h candle closes back below 5.28; that turns the breakout into a fakeout. Risk 1-2% of your account and keep leverage low (3-5x) on this perpetual.
Not financial advice.
@Binance Square Official #FedMinutesFocusOnOctoberPause #BinanceLaunchesBinanceIntelligence #EvernorthDelaysNasdaqDebutToOct12 #Binance #ChartSniper
Price is ~5.370, breaking above the resistance zone (5.328-5.41) after bouncing off the rising trendline and the HL near 4.90. Your drawn path shows a retest of 5.328 before continuation.
Entry: 5.33-5.36 on a retest of the broken 5.328 level that holds (bullish 1h candle), or a safer entry on a 1h close above 5.41
Stop loss: 5.18 (below the retest and the rising trendline)
TP1: 5.60 TP2: 5.80 TP3: 6.00 (only if 5.80 breaks with volume)
Notes:
Structure is bullish: higher lows along the trendline, a new HH, and volume expanding on the breakout candle. The current candle is already extended, so don't chase. Wait for the retest or a confirmed close above 5.41. Skip the trade if a 1h candle closes back below 5.28; that turns the breakout into a fakeout. Risk 1-2% of your account and keep leverage low (3-5x) on this perpetual.
Not financial advice.
@Binance Square Official #FedMinutesFocusOnOctoberPause #BinanceLaunchesBinanceIntelligence #EvernorthDelaysNasdaqDebutToOct12 #Binance #ChartSniper