NEAR/USDT Analysis: Waiting for Support Levels Before BuyingDear traders,
I would like to share a cautious yet optimistic analysis of the NEAR/USDT trading pair. Currently, we observe a favorable position, but patience is key to maximizing opportunities while minimizing risks.
Current Situation:
The NEAR/USDT market shows promising signs, but it's crucial to note that the price might encounter short-term resistances. However, the fundamentals of the NEAR Protocol continue to support growth potential.
Recommended Strategy:
It is advisable to wait for the price to touch identified support levels before initiating buying positions. This approach confirms the stability of support levels and reduces risks associated with potential market volatility.
Key Support Levels:
Identify key support levels based on technical analysis and relevant indicators. Buying when the price reaches these levels could provide an opportunity for a more attractive entry price.
Patience to Minimize Risks:
While the market may experience a slight initial decline, patience can be rewarding. Expect the market to stabilize after touching support levels, creating a stronger and less risky buying position.
Conclusion:
Overall, NEAR/USDT offers an interesting perspective, but it's essential to adopt a patient approach. By waiting for the price to touch support levels, traders can position their purchases more strategically, thereby minimizing potential risks.
Remember, caution and risk management are crucial in any trading environment. Good luck to all!
Note: This analysis is based on the information available at the current time and may be subject to changes depending on market developments.
NEARUSDT
NEAR/USDT watchout Bullish Breakthrough? 👀NEAR Analysis💎Paradisers, a prime trading opportunity is unfolding with #NEARUSDT as it challenges the descending channel's resistance, hinting at an upcoming bullish shift.
💎 Our analysis shows that #NEARPROTOCOL is initially eyeing the supply zone at $3.2014. This level is pivotal; a respect for this zone could trigger a retreat, offering us a chance to capitalize down to the lower demand at $2.5573, where a bullish resurgence is anticipated. Conversely, breaching above the $3.2014 supply could set the stage for an ascent towards the next supply zone at $3.7803.
💎 As prudent traders, we must also prepare for the scenario where #NEAR dips below the $2.5573 demand. Such a move could indicate further declines, so it's crucial to stay vigilant for potential price traps and ensure we're entering the market with a solid setup.
NEAR/USDT Eyeing for the Supply Zone? 👀🚀NEAR Analysis💎Paradisers, let's focus on #NEARUSDT, as the current trend is hinting at a potential strong bullish recovery from its critical support zone.
💎A review of #NearProtocol's recent market behavior shows a notable 45% decline after encountering resistance at a key supply level. Yet, it's displaying resilience around the support level of $2.46, indicating prospects for an upward trajectory.
💎Despite challenges in reaching new highs or surpassing previous peaks, leading to a temporary bearish outlook, the $2.46 mark remains pivotal. This level could potentially trigger a significant bullish surge upon retesting.
💎As proactive traders, we're always ready with an alternate plan. If #NEAR fails to hold at the $2.46 support and dips lower, we're prepared to anticipate a bullish rebound from the lower support at $2.07. However, bear in mind that a descent below this additional support will suggest a deeper bearish trend.
💎Stay flexible with your strategies and vigilant with the market, Paradisers. Your ParadiseTeam is continuously monitoring, and prepared to navigate you through these market movements.
NEAR | Converging VWAPS and Trendline | A Big Move Coming?BINANCE:NEARUSDT BINANCE:NEARUSD
Hit the rocket! ---------------------------------------------------------------------------------------------------------------------------------------------------->>>>>>>>
The oversold line (green) from the most recent high is converging with the overbought line (red) of the most recent relevant low.
This also coincides with the trend line which coincides with the psychological price of $3 so expect the bulls and bears to fight a bit around $3 with the bulls eventually winning.
Crypto is volitile and easily manipulated. Caveat emptor. Playing with colored lines on a chart is Not Financial Advice .
NEAR ALALYSIS💥💥#NEAR Analysis 🚀🚀
🔮As we can see that #NEAR was trading in a Falling Wedge and there is breakdown of the channel and also the breakdown of trendline. We can see a fall in #NEAR. 💸💸
👀Current Price: $2.678
🚀 Target Price: $2.096
⚡️What to do ?
👀Keep an eye on #NEAR price action and volume. We can trade according to the chart and make some profits. Stay tuned for further analysis and stay updated with market sentiments and news.⚡️⚡️
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#NEAR #Cryptocurrency #TechnicalAnalysis #DYOR
Update NEARUSDT 4HI want to provide an update on my analysis of the NEAR/USDT pair. The trade has been executed and is still active; the current entry point is now at 2.
You express hope for price appreciation in the coming days, even in the face of a potential correction. Good luck with your trade, and feel free to reach out if you have any further questions or updates. Happy trading!
NEAR ($NEAR): Technical rebound in mid-termTrend is still bearish on daily and weekly chart, but at the same time we do not exclude an interesting technical rebound in mid-term. In this analysis we just wanted to share our view and how it could develop (Impulsive Structure), for more details on support and resistance levels, visit our Blog. With this in mind, from a technical point of view, AMEX:NEAR still remains under pressure, so we do not rule out a bearish consolidation before a price recovery.
🔴 TRADING STRATEGY
The best strategy may be to accumulate long positions on weakness (by the dip) with small sizes.
🔴 RISK MANAGEMENT
Use only the portion of assets willing to lose (1%/2%)
Analysis by
Anonymous Banker Team
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NEAR/USDT TRADE SETUP! #NEAR:
Entry Point:
Buy at CMP: Consider entering the trade at the Current Market Price (CMP), taking advantage of the current market conditions.
Additional Entry: Be prepared to add more positions if the price drops to $3.34. This level is identified as a potential strategic buying opportunity.
Target Prices:
Set specific target prices at $3.52, $3.6, $3.78, $4.01, and $4.2. These levels represent potential profit-taking points as the price moves upward.
Stop Loss (SL):
Set a stop-loss at $3.236. This level is chosen to limit potential losses and effectively manage risk.
Leverage:
The recommendation advises maintaining low leverage and entering the market at the lowest possible price. It suggests a gradual entry approach and encourages traders to avoid sudden decisions. Using leverage cautiously is crucial to minimize risk.
Cautionary Note:
Reminds traders to do their own research (DYOR) before making any trading decisions. This reinforces the importance of conducting personal research for informed decision-making.
Includes "NFA" (No Financial Advice), emphasizing that the provided information is not a recommendation for financial decisions.
In summary, the recommendation outlines a trading strategy for #NEAR, providing specific entry points, target prices, and a stop-loss level for risk management. It emphasizes caution with leverage, gradual entry, and the necessity of conducting personal research. As always, the information is not financial advice.
NEAR BUY SETUPIt has a structure that can pull back upwards.
The green area of the swap is a good place to take a buy/long position.
Fixing a 4-hour candle below the flip range will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
NEARUSDTNEARUSDT was trading in descending parallel channel. The price was reacting well the support and resistance of descending channel.
Currently the price has given the breakout of channel and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 4.3.
What you guys think of this idea?
⬆️ I'm expecting an impulse breakout to $3.9! #NEARUSDT LONG #NEARUSDT from $3.7
30m TF. The NEAR coin is actively growing and has currently formed a compression near the horizontal resistance level. The daily trading volume has been increased to 300 million. The local trend is upward (noticeably by the loyalties rising over the last day), which indicates the dominance of buyers. The basis for entering the transaction will be trading below the level, purchasing activity and, as a result, an impulse breakdown with the withdrawal of liquidity.
More deals in our channel, link in the profile header.
NEAR/USDT preparing for upward momentum? 👀🚀NEAR Analysis💎Paradisers, take note of the current trend in #NEARUSDT, which is indicating a likely bullish continuation from its current demand zone.
💎 NEAR Protocol recently experienced a decline after facing rejection at a strong supply level. Currently, it's gathering momentum in the demand zone at $2.877. If it can maintain momentum above this level, there's a considerable probability of an upward movement, targeting the higher supply level at $4.483.
💎 However, if #NEAR encounters difficulties in sustaining above the $2.877 demand level, a strategic reassessment may be necessary.
💎 In such a scenario, we would shift our attention to a possible bullish ascent from a lower support level at $2.289. Keeping a close watch on this level is crucial, as a drop below it could necessitate a strategic shift, underlining potential obstacles in maintaining a bullish trajectory in the #NEAR market.
For this best zone (NEAR)📊Analysis by AhmadArz:
back to break of trendline & candle of bullish.
🔍Entry: 3.66
🛑Stop Loss: 4.48
🎯Take Profit: 3.80 -4.48
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🚀Please boost and💬 comment to share your thoughts with us!
NEAR - 1D Buying OpportunitySelling pressure for Near coin has eased, and a majority of sellers are now closing their positions in this area.
Furthermore, the price hasn't managed to reach significantly lower lows, indicating weakness among sellers.
In my view, the price of Near is poised to increase in the near future, potentially rising at least as much as the last pullback.