Market Context: NEAR is consolidating at support, offering a potential opportunity for a long trade if the support level holds. Trade Setup: Entry: Long spot trade at around $3.85. Take Profit: First target: Top of the range support at $4.45 Second target: $5.35 - $5.90 Third target: $6.50 - $7.00 Stop Loss: Just below $3.50. 📊 Manage risk carefully, and monitor...
Market Context: NEAR is trading above the 200-day EMA, setting a higher low after a change of character (CHOC). The price has reclaimed the range low as support and is trading between the 200-day and 21-day EMAs. This setup indicates a potential for consolidation followed by a breakout. Trade Parameters: Entry: Enter a trade around $5.4 to $5.8. Take...
Market Context: NEAR is part of the newly formed Grayscale Decentralized AI Fund and has shown significant relative strength. However, the rapid rise suggests a potential throwback. Trade Parameters: Entry: Enter the trade around the support level of $5.7. Take Profit: First target: $6.6 Second target: $7.5 Third target: $8.4 Stop Loss: Place the stop loss just...
Market Observation: Monitoring BTC's proximity to the $60,000 resistance, which could influence altcoin movements. NEAR is currently at a support level, presenting a potential long opportunity. Trade Setup: Ladder into a long spot trade within the current trading range or $5.75 - $6.20 support area. Alternatively, wait for BTC to break through $60,000 before...