$NEAR is setting up for another upside move — but 4.605 is the level bulls cannot afford to lose
My bias is bullish on NEARUSDT.P as the 1H, daily, weekly, and BTC structures are all aligned to the upside. As long as price holds above 4.605, I’m favoring continuation rather than a trend reversal.
The first major hurdle is the 4.96–5.06 resistance zone. A clean breakout with strong momentum could open the door toward 5.38 and potentially 5.53.
Potential long zones:
4.75–4.80 for a controlled pullback
4.66–4.70 as the deeper FVG/demand sweep zone
I would not chase the move. The better setup is a sweep into support followed by a bullish engulfing candle, strong lower-wick rejection, or a confirmed 5M/15M structure shift.
Targets:
TP1: 4.96
TP2: 5.06
TP3: 5.38
TP4: 5.53
Invalidation:
A confirmed close below 4.605 would weaken the bullish structure, flip the 1H bias bearish, and invalidate this setup.
Flow is worth watching: OI is rising to $252.4M (+4.2% 24H), funding is positive at +0.0100%, and taker flow remains buyer-leaning at 1.07x. There are still some large sellers in the flow, including roughly $307K, so confirmation at support remains important.
Overall: bullish structure, rising OI, positive funding, and buyer-leaning taker flow favor the upside — but patience for the pullback and confirmation could offer a much cleaner entry.
Not investment advice. Educational report only.
#NEAR #CryptoTrading #Altcoins #BinanceSquare #Trading $NEAR
My bias is bullish on NEARUSDT.P as the 1H, daily, weekly, and BTC structures are all aligned to the upside. As long as price holds above 4.605, I’m favoring continuation rather than a trend reversal.
The first major hurdle is the 4.96–5.06 resistance zone. A clean breakout with strong momentum could open the door toward 5.38 and potentially 5.53.
Potential long zones:
4.75–4.80 for a controlled pullback
4.66–4.70 as the deeper FVG/demand sweep zone
I would not chase the move. The better setup is a sweep into support followed by a bullish engulfing candle, strong lower-wick rejection, or a confirmed 5M/15M structure shift.
Targets:
TP1: 4.96
TP2: 5.06
TP3: 5.38
TP4: 5.53
Invalidation:
A confirmed close below 4.605 would weaken the bullish structure, flip the 1H bias bearish, and invalidate this setup.
Flow is worth watching: OI is rising to $252.4M (+4.2% 24H), funding is positive at +0.0100%, and taker flow remains buyer-leaning at 1.07x. There are still some large sellers in the flow, including roughly $307K, so confirmation at support remains important.
Overall: bullish structure, rising OI, positive funding, and buyer-leaning taker flow favor the upside — but patience for the pullback and confirmation could offer a much cleaner entry.
Not investment advice. Educational report only.
#NEAR #CryptoTrading #Altcoins #BinanceSquare #Trading $NEAR