$NEAR – Falling Wedge on the 15-min Chart
A falling wedge has formed on $NEAR’s 15-minute timeframe – a classic bullish reversal setup. Price is squeezing into a tight range, suggesting momentum is building for a breakout.
Key Takeaways:
Pattern: Falling wedge (bullish)
Support zone: ~$3.00
Breakout confirmation: Close above $3.15–$3.18 range
Potential upside: Retest of $3.30+ if breakout holds
This setup favors bulls if volume steps in. Keep it on your radar – breakout traders could find this a low-risk opportunity with solid risk-reward potential.