Look at the weekly $NEAR chart structure. This is textbook macro accumulation.
=> Multi year descending trendline broken
=> Clean impulsive bounce off the 1.0 macro bottom
=> Immediate measured move tracking a +280% expansion from the local floor => Higher timeframe targets sitting cleanly at $8.00 $13.00 and $21.00
Most retail ignores trendline breaks until its green candles everywhere. Position accordingly.
=> Multi year descending trendline broken
=> Clean impulsive bounce off the 1.0 macro bottom
=> Immediate measured move tracking a +280% expansion from the local floor => Higher timeframe targets sitting cleanly at $8.00 $13.00 and $21.00
Most retail ignores trendline breaks until its green candles everywhere. Position accordingly.