NEAR/USDT Buy Setup – Targeting Resistance at $8.39
Alright traders, let’s break down the NEAR/USDT weekly chart and identify a potential buy setup from the nearest support to the nearest resistance.
On this chart, we can see that NEAR/USDT is trading just above the 21 EMA, indicating a potential bullish momentum if the support holds. The recent price action shows the price finding support around the $5.35 level. The nearest resistance level is at $8.39.
Given the current market structure, I am looking for a buy opportunity. The key levels to watch are the support at $5.35 and the resistance at $8.39. Here’s the plan:
Entry: Look for a buy entry around the current price near the $5.35 support level.
Stop Loss: Set the stop loss just below the recent low and support level, around $5.00.
Take Profit: Target the nearest resistance level at $8.39.
On this chart, we can see that NEAR/USDT is trading just above the 21 EMA, indicating a potential bullish momentum if the support holds. The recent price action shows the price finding support around the $5.35 level. The nearest resistance level is at $8.39.
Given the current market structure, I am looking for a buy opportunity. The key levels to watch are the support at $5.35 and the resistance at $8.39. Here’s the plan:
Entry: Look for a buy entry around the current price near the $5.35 support level.
Stop Loss: Set the stop loss just below the recent low and support level, around $5.00.
Take Profit: Target the nearest resistance level at $8.39.
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.