Signal! 🚀

Coin: $NEAR / USDT (NEAR Protocol)

Direction: LONG (Breakout & Pullback Play!) 📈

Current Price: 2.194 USDT

🎯 Entry Strategy:

This long setup for NEAR is contingent on a confirmed breakout and retest:

* 1 D time frame Trendline Breakout Confirmation: The chart indicates a significant descending trendline breakout

* Pullback Entry: We are waiting for a pullback to retest the broken trendline or the demand zone (indicated by the start of the green profit area) between 2.172 - 2.180 USDT. This pullback provides a confirmed entry after the breakout.

Entry Zone: Optimal entry is on the retest of 2.172 - 2.180 USDT.

Targets (TPs):

* TP1: 2.242 🎯

* TP2: 2.280 🎯

* TP3: 2.330 📈 (Max potential, reflecting bigger targets!)

Stop Loss (SL):

* SL: 2.105 ⛔️ (Placed below the demand zone/retest area. This stop loss is larger, aligning with the bigger target expectations.)

Timeframe: 1H (for entry), with 1D trendline context ⏱️

Reason: This setup capitalizes on a significant bullish development – a breakout from a long-term (1D) downtrend. The pullback offers a lower-risk entry point for a potential sustained upward move, with a wider stop loss acknowledging the potential volatility for larger gains.

DYOR! Not financial advice. Always wait for your confirmed pullback entry! 🙏

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