š $NEAR LONG SETUP š
NEAR ripped off the sharp drop to $4.300, reclaimed its 99 MA, and is now pulling back just under the $5.632 high with a short run of red candles. Iām watching for a long on a dip into the support cluster, not chasing the current candle. š
Entry: $5.100 ā $5.200
TP1: $5.400
TP2: $5.550
TP3: $5.650
SL: $4.980
šŗ Why NEAR is on watch:
Price ($5.315) is below the 7 MA ($5.347) but well above the 25 MA ($5.114) and the 99 MA ($5.021), and the 99 MA has flattened and is starting to curl up The structure shows higher highs and higher lows since the wick to $4.300, and the break above the 99 MA came with steady buying The current pullback from the $5.45 area is small and orderly, so it looks like a reset inside an uptrend, not a reversal The 25 MA ($5.114) is the first dip-buy support, with the 99 MA ($5.021) as the last line of defense. A 1H close under $4.980 would invalidate the setup.
Not financial advice. DYOR.
š Follow CoinDispatch for more daily trade setups and market updates!
NEAR ripped off the sharp drop to $4.300, reclaimed its 99 MA, and is now pulling back just under the $5.632 high with a short run of red candles. Iām watching for a long on a dip into the support cluster, not chasing the current candle. š
Entry: $5.100 ā $5.200
TP1: $5.400
TP2: $5.550
TP3: $5.650
SL: $4.980
šŗ Why NEAR is on watch:
Price ($5.315) is below the 7 MA ($5.347) but well above the 25 MA ($5.114) and the 99 MA ($5.021), and the 99 MA has flattened and is starting to curl up The structure shows higher highs and higher lows since the wick to $4.300, and the break above the 99 MA came with steady buying The current pullback from the $5.45 area is small and orderly, so it looks like a reset inside an uptrend, not a reversal The 25 MA ($5.114) is the first dip-buy support, with the 99 MA ($5.021) as the last line of defense. A 1H close under $4.980 would invalidate the setup.
Not financial advice. DYOR.
š Follow CoinDispatch for more daily trade setups and market updates!