Market context
After rising more than 30% in the past 48 hours, NEAR Protocol is approaching a strong resistance zone. The upward momentum is still present, but the risk of technical profit-taking is also starting to increase. This is the time for a 'dual-direction' strategy to catch both the rebound and the correction.
Multi-timeframe technical analysis
15-minute frame – Scalping: Slight upward trend, waiting to break $2.98 to long briefly, or short if a reversal candle appears.
1-hour frame – Intraday: Maintaining above EMA50, waiting for a pullback in the $2.90–$2.92 area to long, or short when RSI > 70.
4-hour frame – Swing Trade: Strong upward trend but RSI is starting to overbought. Ideal to short if a bearish divergence and reversal pattern appear in the $3.10–$3.20 area.
1-day frame – Medium-term: Still holding an upward trend, but buying pressure is gradually weakening. The strategy of long at support and short when the price is overbought is most suitable at this time.
Medium-term trading strategy
Long scenario
Nice entry: $2.40 – $2.50
Target TP: $2.60 / $3.00 / $3.20
SL: Below $2.35
Probability of success: ~70%
Reason: This is a strong support area, neutral RSI, good accumulation volume.
Short scenario
Nice entry: $3.00 – $3.20
Target TP: $2.80 / $2.60 / $2.40
SL: Above $3.25
Probability of success: ~60%
Reason: RSI overbought, strong resistance, signs of weakening buying power.
Summary
NEAR is entering a 'sensitive' zone – no longer cheap to chase, but not strong enough signals to short early. An effective strategy is to long at support during corrections and short at resistance if clear reversal signals appear.
Trade NEAR right here:
