NEARUSDT.3L trade ideas
Where is the right price to buy $NEAR?Considering the correction process that we have in mind for altcoins, we expect that AMEX:NEAR can reach the price range of 2$ or slightly below it again.
It seems that the price of 2$ can be a good place to buy, although there is a possibility that if there is a fear in the market that causes the prices to fall, the price will go lower due to excitement and fear selling. but 2$ seems a reasonable price.
I hope to have enough cash for when the price hits $2$.
NEAR is approaching an important resistanceHey Traders, in today's trading session we are monitoring NEARUSDT for a selling opportunity around 5.600 zone, NEARUSDT is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 5.600 support and resistance area.
Trade safe, Joe.
#NEARUSDT Chart UpdateNEAR has reached the support range between $4.08 and $4.75. This level holds important support for NEAR, and a breakdown below this blue SMA will likely drop the price to $3.2 or, in the worst case, $2.5.
On the positive side, NEAR must stay above the support level to rebound and make a bullish rally.
DYOR. NFA.
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#NEAR
Bullish on NEAR/USDT๐๐๐น๐น๐ถ๐๐ต ๐ฆ๐ฐ๐ฒ๐ป๐ฎ๐ฟ๐ถ๐ผ ๐
If the price breaks above the 200 EMA at $5.329 and clears the immediate resistance levels, we could see a move towards the $6.00 and $7.00 levels. Sustained buying pressure and positive market sentiment could push the price towards the upper Fibonacci levels.
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If the price fails to break above the 200 EMA and descends below the support at $4.428, it could test lower support levels around $3.50 and $3.00. Continued bearish sentiment and negative news could drive the price lower.
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BINANCE:NEARUSDT
While the #NEAR USDT chart shows mixed signals, the bullish divergence and recent "Buy" signal provide a positive outlook. A confi SEED_ALEXDRAYM_SHORTINTEREST2:RMED breakout above the 200 EMA and the descending trendline would solidify the bullish case, targeting higher resistance levels.
NEAR/USDT Trading ScenarioAfter reaching a local high of $8.981, NEAR corrected to $4.453, resulting in a decline of over 50%. Subsequently, the asset attempted to recover but failed to reach the previous local high and once again headed downward, retesting the $4.453 level and breaking below the 200-day moving average. Currently, the asset is trading near the newly formed resistance level and the 200-day moving average, with support provided by the volume profile.
Under current conditions and within the summer market context, a continuation of the downward movement can be expected with the aim of liquidity accumulation.
This situation appears quite attractive for opening a position in this asset and holding it until new significant sell signals emerge.