$NEAR 🎉 **NEAR/USDT: Scalping & Intraday Success with a D | TheKingMakers a Binance Square-en

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$NEAR 🎉 **NEAR/USDT: Scalping & Intraday Success with a Dash of Long-Term Drama!** 🎉
Well, well, well, what a wild ride we’ve had with NEAR/USDT! It’s been a rollercoaster of scalping and intraday success, but our long-term target just played a little game of peek-a-boo and decided to pull back! 😅 
I mean, come on, NEAR! You were so close to hitting that target, we could practically taste the victory! It’s like waiting for the pizza delivery, and when the doorbell rings, you realize they forgot the extra cheese. 🍕 But hey, no hard feelings! 
Let’s take a moment to celebrate the wins we’ve had! 🎊 Our scalping and intraday strategies have been on point, like a well-timed punchline in a stand-up comedy set. We've been dancing in profit while others were still deciding whether to buy or sell! 💃🕺
As for that long-term target, think of it this way: it’s like a marathon runner who gets a bit tired right before the finish line. Sure, it’s a bit disappointing, but the journey has been filled with excitement! We’ve learned, adapted, and laughed our way through it all! 🏃‍♂️💨 
So, what’s the plan now? Let’s keep our spirits high and stay patient! Sometimes, a pullback is just the market’s way of giving us a little reminder to appreciate the journey. 🌟 Here’s my advice: 
1. **Stay Positive**: Focus on the successful scalping and intraday trades. They’re the stars of the show right now! 
2. **Reassess**: Look at the long-term strategy—sometimes a pullback is just a setup for a bigger move! 
3. **Keep Learning**: Every trade is a lesson. The market loves to teach us, whether we’re ready or not! 📚
Let’s keep our eyes on the prize, NEAR fam! With a little patience and a lot of laughter, we’ll get there! Onward and upward! 🚀✨
#BinanceSquareFamily #Everyone #MyFamily #Dyor2024 #followers 

TheKingMakers

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NEAR USDT

$NEAR

### 1. Technical Analysis
- Current Price: 4.736, showing a 3.59% increase.
- Moving Averages (MA):
- MA(7) = 4.755 (above current price, resistance)
- MA(25) = 4.710 (slightly below the price, acting as support)
- MA(99) = 4.769 (stronger resistance above current price)
- There’s a clear upward trend from the 4.421 low, but the price has started to consolidate just below the MA(99), which acts as resistance.
### 2. Indicators Interpretation
- RSI (6): 45.23 – Neutral zone, indicating neither overbought nor oversold conditions, suggesting the market could go in either direction.
- MACD: Weak positive divergence, but with the MACD line at -0.005 and a very small separation between DIF and DEA. This shows momentum is slowing and could signal consolidation or reversal soon.
- Volume: Volume is tapering off from the initial increase, suggesting a potential lack of momentum to push higher.
### 3. Trend Prediction
- The short-term trend is slightly bullish, but the presence of MA(7) and MA(99) as resistances may lead to consolidation or a pullback.
- If price breaks above 4.755, it can retest higher levels (like 4.769 or above), but a failure to do so could lead to a test of the lower support around 4.710 or even back to 4.580.
### 4. Risk Management
- Stop Loss: For long positions, place stop losses around 4.580 (previous consolidation level) or just below.
- Risk-to-Reward: Ensure a risk-to-reward ratio of at least 1:2 by targeting higher levels like 4.90 if you're bullish and a tight stop below support.
- Position Size: Avoid large positions due to low momentum and the proximity of key resistances.
### 5. Trade Strategy Development
- Long Strategy: Enter if the price breaks and closes above MA(99) at 4.769 with high volume.
- Short Strategy: Enter if the price fails to break MA(99) and instead falls below 4.710 with bearish confirmation.
### 6. Backtesting Strategies
- Backtest strategies based on breaks of MA(7) and MA(99). Historically, these zones have acted as resistance and support, so a break or bounce at these levels is key for trade confirmation.
### 7. Market Sentiment Analysis
The sentiment is mixed:
- Neutral RSI and low volume suggest hesitation from the market.
- However, the trend is still recovering from the low of 4.421, so a slight bullish bias remains.
### 8. Automation and Alerts
- Set an alert at 4.769 (MA(99)) for a potential breakout.
- Set another alert at 4.710 for a potential short opportunity if support breaks.
### 9. Educational Support
- Study the interaction between price and moving averages. If the price keeps bouncing between short-term and long-term MAs, it may indicate consolidation or preparation for a big move.
### 10. Market Insights
- Recent price action shows that NEARUSDT has struggled to break above 4.769. This resistance level will likely determine the next significant move.
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### Pattern Check
1. Potential Ascending Triangle: The price is making higher lows but struggling to break the resistance of the MA(99), which is a sign of an ascending triangle, a bullish continuation pattern.
2. Bullish Flag: The upward move from 4.421 followed by consolidation could also indicate a flag, which is another bullish pattern.
3. Symmetrical Triangle: The narrowing price range between the highs and lows suggests potential for a symmetrical triangle. If this is the case, the breakout direction will guide the trade strategy.
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### Trade Recommendations
#### 1. Long Entry & Exit Points
- Entry: If the price breaks above 4.769 (MA(99)) with volume confirmation.
- Exit (Take Profit): Target 4.90 (next resistance zone).
- Stop Loss: Tight stop at 4.710.
- Trade Duration: Short-term, 1-2 days.
#### 2. Short Entry & Exit Points
- Entry: If the price fails to break 4.769 and falls below 4.710 (MA(25)).
- Exit (Take Profit): Target 4.580 or 4.50.
- Stop Loss: Set at 4.769 (above resistance).
- Trade Duration: Short-term, 1-2 days depending on the price action.
#### 3. Scalping
- Entry: Look for price pullbacks to around 4.710 (support) with confirmation of bounce.
- Exit (Take Profit): Target 4.75.
- Stop Loss: Tight stop at 4.690.
- Trade Duration: Intraday, 15-30 minutes.
#### 4. Intraday
- Entry: If the price holds above 4.710 and breaks out of 4.755.
- Exit (Take Profit): Target 4.85.
- Stop Loss: 4.690.
- Trade Duration: 4-8 hours.
#### 5. Long-Term
- Entry: On a solid break above 4.769.
- Exit (Take Profit): 5.00 or higher.
- Stop Loss: Tight stop below 4.710.
- Duration: 1 week to 1 month depending on market strength.
### Risk Management
- Limit exposure by only risking 1-2% of your portfolio per trade.
- Use trailing stops to secure profits as price moves in your favor.
- In cases of false breakouts, quickly cut losses to avoid larger drawdowns.
### If Signals Go Against
- If the price fails to break key resistance (MA(99)) and falls, close your position immediately if a reversal pattern forms.
- Never add to a losing position unless there’s a clear reversal signal and a confirmed new trend.
- Stay disciplined with your stop-losses to minimize risk.
### Disclaimer
All trading involves risk, and it’s important to conduct further research or consult a financial advisor. Historical performance does not guarantee future success, and risk management is key to long-term success in the market.
#BinanceSquareFamily #Everyone #followers #TradingMadeEasy

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