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NEAR / TetherUS PERPETUAL CONTRACT

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NEARUSDT.P trade ideas

Role of Bearish CandlesThe price of NEAR has managed to break through a significant resistance observed at the last peak of the downward trend, entering an upward trend phase. By reaching a specific area marked in green, not only has this level been breached, but it seems that the price is stabilizing at this new level. The existing bearish candles, which are considered a pullback, will likely pave the way for the formation of stronger bullish patterns. If this scenario materializes, it is expected that the price will rise again, reach the orange resistance box, and possibly break through it.
by MonoCoinSignal
NEAR: More Price Decline is ExpectedNEAR: More Price Decline is Expected Technical Analysis: In the daily chart the price broke out from a key support area. This was the first important confirmation for the bears to join the party. We can see NEAR testing the broken support zone 5.98 - 6.30 which is turned in a key resistance zone. The bearish volume should increase more once the price will be near the zone. Strong support / Target zone is expected near 4.38 , 3.58 and 2.78 You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
6
NEAR/USDT Secures Position Post-Breakout, Eyes on $8.74NEAR/USDT pair has successfully confirmed its position after a breakout, now trading above key resistance. Immediate entry recommended, targeting a move towards $8.74, with a stop loss placed at $7.17. With the price consolidating above the breakout point, the potential for continued upward momentum is high. The risk/reward ratio stands firm at 3.05, suggesting a strong trade setup. Trade now to capitalize on the secure footing.
Long
by IamForexTrader_com