$NEAR
๐ NEAR/USDT โ Watch for a Retest Bounce or Breakdown!
๐ Timeframe: 1H
๐ฐ Current Price: $2.933
๐ Trend Context: Strong uptrend with rising support trendline. Price pulling back from recent highs, approaching dynamic trendline support.
๐ฉ Entry Plan (Long Setup on Trendline Hold):
๐ Entry Zone:
Aggressive: $2.85 โ $2.90 (anticipating trendline bounce)
Conservative: Above $3.05 with volume reclaim
๐ฏ Take-Profit Targets (Bounce Scenario):
๐ฏ TP1: $3.15
๐ฏ TP2: $3.30
๐ฏ TP3: $3.55
๐ก๏ธ Stop-Loss:
๐ป SL: $2.79 (below trendline and recent swing lows)
โ๏ธ Risk-Reward Tip:
Entry: $2.88 | SL: $2.79
TP2: $3.30 โ Risk:Reward โ 4.7:1
๐ Trail SL after TP1 or reclaim of $3.05 with bullish volume.
๐ป Bearish Scenario (If Breakdown Happens):
If price closes below $2.80 with strong bearish volume, short setup becomes valid.
๐งจ Short Targets: $2.68 โ $2.50
โ ๏ธ Invalidate long bias below $2.78 close
โ
Confirmation Triggers:
๐ธ Bullish engulfing or hammer candle on trendline
๐ธ Volume increase near $2.90 zone
๐ธ BTC stabilizing or trending upward
๐ฅ Signal Strength:
High if trendline holds with volume bounce.
Medium on early entries.
Avoid longs below $2.79.