$NEAR Breakout Confirmed, But Don't Chase!
NEAR is trading at $5.068 (+3.41%), with a 24-hour high of $5.089.
The 15-minute chart shows a strong breakout with rising volume. Price is above MA(7), MA(25), and MA(99), indicating strong short-term momentum.
Resistance: $5.089–$5.118
Support: $4.993, then $4.870
My strategy: Wait for a 15-minute candle to close above $5.089 with strong volume. A successful retest would provide stronger confirmation. If price gets rejected, avoid chasing the pump.
Remember: Strong momentum is not a guaranteed entry. Confirmation first, decision second.
#NEAR #CryptoAnalysis #BreakoutTrading #BinanceSquare #BeforeThePump
NEAR is trading at $5.068 (+3.41%), with a 24-hour high of $5.089.
The 15-minute chart shows a strong breakout with rising volume. Price is above MA(7), MA(25), and MA(99), indicating strong short-term momentum.
Resistance: $5.089–$5.118
Support: $4.993, then $4.870
My strategy: Wait for a 15-minute candle to close above $5.089 with strong volume. A successful retest would provide stronger confirmation. If price gets rejected, avoid chasing the pump.
Remember: Strong momentum is not a guaranteed entry. Confirmation first, decision second.
#NEAR #CryptoAnalysis #BreakoutTrading #BinanceSquare #BeforeThePump