🧠 NEAR/USDT – Potential Wave C Setup (Elliott Wave + Fib Confluence)
🚀 Setup Overview:
We are likely entering a bullish Wave C based on the completion of an ABC corrective structure within a larger Elliott Wave pattern. The current price action has pulled back into a key "Area of Interest", aligning with multiple Fibonacci retracement levels, offering an attractive entry opportunity.
🎯 Entry Zone (Buy):
Between $2.30 – $2.35
This aligns with the 61.8% Fib retracement, a historically strong reversal level.
Also within the highlighted Area of Interest, marked by high volume and previous consolidation.
📉 Stop Loss (SL):
Set below the 78.6% retracement level: $2.07
A break below this level invalidates the ABC bullish setup.
📈 Target Zones for Wave C:
TP1: $3.70 (1.0 Fib Extension – Wave A equal to C)
TP2: $4.66 (1.618 Fib Extension – typical Wave C projection)
TP3 (Moonshot): $6.20 – $7.75 (2.618–3.618 extension for aggressive continuation)