$NEAR
$NEAR Trade Plan for NEAR/USDT 📈
✅ Entry Zone: Buy within $2.40 – $2.50, near EMA support levels (9, 21, 50).
⛔ Stop Loss: Set at $2.30 (below EMA 50 and recent swing low).
🎯 Profit Targets:
Target 1: $2.60 📍 (Move stop to breakeven)
Target 2: $2.70 🎯
Target 3: $2.80 🚀
📊 Risk/Reward Ratio: 3:1+ ⚖ (Conservative exit at 2:1 if momentum weakens).
Key Observations:
Bullish Momentum: Price up +7.80%, indicating strong upward momentum, which aligns with the type of breakout strength you’ve been interested in monitoring for your trades.
Volume: Circulating supply at 234.48M with a market cap of $3.06B suggests decent liquidity—confirm breakout strength, as you’ve emphasized in past conversations about ensuring momentum.
RSI Neutral: Assumed ~65–70 (nearing overbought, based on typical momentum for a +7.80% move). This matches your interest in using RSI to gauge market conditions, though I don’t have real-time data to confirm the exact value.
🔄 Strategy:
Trail stop above EMA(9) after Target 1, a strategy you’ve appreciated for managing risk in volatile crypto markets.
Watch for rejection at recent high ($2.55) for early exit, as potential resistance points have been a focus in your previous trade plans.
Trade wisely! 🚀💰