Hey there!
Today we have NEAR/USDT in the radar. Current price at: $6.15
This pair came out of an initial deep bearish zone initiated on January 2022 and ending it's level 1 bearish season on February 2024, specifically the 24th. From this date on, price has been accumulating for 4 months straights until finally broke successfully it's $5 support on Nov 15th 2024 (Yes, a week ago). This type of tokens tend to move slower, but once we break a life-time resistance ($6), growth is inevitable.
The last time NEAR approached to the all time vital support ($6) it grew up a 40% in 4 days. Impressive huh? Even tough this pair wasn't ready to increase the price at that time it shows resilience, a very strong community and utility of this project in the crypto world.
We've also been seeing a lot of volume increase in the past week of more than 80%. This only means and happens when a possible break-out is about to happen.
This is my idea. Remember trading is risky and DYOR.
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We are going LONG in NEAR/USDT.
LEVERAGE x4 - x8.
OR SPOT.
Entry price: $5.8 - $6.1
TIGHT STOP-LOSS: $5.3
TARGETS:
TG1 --------> $8.44 ( IT COULD BE $10.1 DEPENDING ON THE VOLUME OF THE BREAKOUT)
TG2 --------> $12.62
TG3 --------> $19.31
Thank you for reading! :)
Today we have NEAR/USDT in the radar. Current price at: $6.15
This pair came out of an initial deep bearish zone initiated on January 2022 and ending it's level 1 bearish season on February 2024, specifically the 24th. From this date on, price has been accumulating for 4 months straights until finally broke successfully it's $5 support on Nov 15th 2024 (Yes, a week ago). This type of tokens tend to move slower, but once we break a life-time resistance ($6), growth is inevitable.
The last time NEAR approached to the all time vital support ($6) it grew up a 40% in 4 days. Impressive huh? Even tough this pair wasn't ready to increase the price at that time it shows resilience, a very strong community and utility of this project in the crypto world.
We've also been seeing a lot of volume increase in the past week of more than 80%. This only means and happens when a possible break-out is about to happen.
This is my idea. Remember trading is risky and DYOR.
----------------------------------------------------------------------
We are going LONG in NEAR/USDT.
LEVERAGE x4 - x8.
OR SPOT.
Entry price: $5.8 - $6.1
TIGHT STOP-LOSS: $5.3
TARGETS:
TG1 --------> $8.44 ( IT COULD BE $10.1 DEPENDING ON THE VOLUME OF THE BREAKOUT)
TG2 --------> $12.62
TG3 --------> $19.31
Thank you for reading! :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.