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 $2$.
NEARUSDT trade ideas
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/USDT𝗕𝘂𝗹𝗹𝗶𝘀𝗵 𝗦𝗰𝗲𝗻𝗮𝗿𝗶𝗼 📈
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.
𝗕𝗲𝗮𝗿𝗶𝘀𝗵 𝗦𝗰𝗲𝗻𝗮𝗿𝗶𝗼 📉
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.
𝗖𝗼𝗻𝗰𝗹𝘂𝘀𝗶𝗼𝗻 📊
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.
NEAR May Resume The Downtrend AgainNEAR May Resume The Downtrend Again
Price is moving in a bearish trend for a long time.
After NEAR completed a bearish it looks like it can resume the bearish trend again as a minimum in the short term.
The price may stop near our targets but can also move down further.
The first resistance zone is expected near 4.9 and the second zone is 4.6
Let's see how the price develops during the coming days.
You may find more details in the chart!
Thank you and Good Luck!
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NEARPretty solid trade here.
Rejection and back into consolidation zone.
I don't expect that support level to break, it'll be used by holders to accumulate more.
2:1 risk on this for spot, no leverage.
Stop is at the bottom and TP is at top.
I'd close this close to TP if bitcoin continues acting like a spoilt child.
Market conditions are rough.
Glhf!