📊 TECHNICAL ANALYSIS: NEAR/USDT (4H / 1H Timeframe)
1. Price Action Breakdown:
4H Timeframe: $NEAR firmly validated a strong double-bottom structure at $4.521. The price is currently holding steadily above the major confluence support zone formed by MA(7) $5.082, MA(25) $5.124, and MA(99) $5.069, confirming the resumption of the mid-term bullish trend.
1H & 15M Timeframe: Following a push to the local high of $5.439, the market is undergoing a healthy technical pullback to reset RSI indicators. Price is compressing right above 1H MA(200) at $5.137 and 15M MA(99) at $5.063, providing a prime confluence buy zone for Long positions.
2. Long Setup Plan:
🟢 Entry Zone: $5.120 – $5.180 (Buy on retest of 1H MA200 / 4H MA25 support zone)
🔴 Stop Loss (SL): $4.980 (Below key psychological level $5.000 and 4H MA99)
🎯 Take Profit 1 (TP1): $5.430 (Retest recent swing high)
🎯 Take Profit 2 (TP2): $5.800 – $6.000 (Targeting major resistance peak at $6.024)
⚖️ Risk/Reward Ratio: ~ 1:3.0
#Near #NEARUSDT $NEAR
1. Price Action Breakdown:
4H Timeframe: $NEAR firmly validated a strong double-bottom structure at $4.521. The price is currently holding steadily above the major confluence support zone formed by MA(7) $5.082, MA(25) $5.124, and MA(99) $5.069, confirming the resumption of the mid-term bullish trend.
1H & 15M Timeframe: Following a push to the local high of $5.439, the market is undergoing a healthy technical pullback to reset RSI indicators. Price is compressing right above 1H MA(200) at $5.137 and 15M MA(99) at $5.063, providing a prime confluence buy zone for Long positions.
2. Long Setup Plan:
🟢 Entry Zone: $5.120 – $5.180 (Buy on retest of 1H MA200 / 4H MA25 support zone)
🔴 Stop Loss (SL): $4.980 (Below key psychological level $5.000 and 4H MA99)
🎯 Take Profit 1 (TP1): $5.430 (Retest recent swing high)
🎯 Take Profit 2 (TP2): $5.800 – $6.000 (Targeting major resistance peak at $6.024)
⚖️ Risk/Reward Ratio: ~ 1:3.0
#Near #NEARUSDT $NEAR