$NEAR USDT - BULLISH MOMENTUM CONTINUES! š
Here's a quick technical analysis of the $NEARUSDT chart:
Key Levels:
* Current Price: 2.352 š¢
* Immediate Resistance: 2.370 - 2.380 (The gray shaded box just above the current price). A breakout here could lead to further upward movement.
* Major Resistance: 2.403 (The green box, representing a significant target if the bullish trend persists).
* Immediate Support: 2.328 (The red line on the chart, acting as crucial support).
* Major Support: 2.270 - 2.290 (The lower gray shaded box, a stronger support zone in case of a deeper pullback).
Trade Setup:
Given the strong upward momentum and the current retest of a previous resistance level as support, we're looking at a potential LONG opportunity.
* Entry: Consider an entry around 2.350 - 2.355 (around the current price, looking for confirmation of support hold).
* Target 1 (TP1): 2.375 šÆ
* Target 2 (TP2): 2.400 š
* Stop Loss (SL): 2.325 š (Just below the immediate support level of 2.328).
Risk Management:
Always prioritize risk management! Set your stop-loss before entering any trade and never risk more than 1-2% of your total trading capital on a single trade. This approach protects your funds from unexpected market volatility. Trade smart! š§ š°
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