๐จ *Trade Setup: NEAR/USDT*
๐ *Current Price:* 2.595
NEAR has *broken out of a falling wedge*, a classic bullish reversal pattern โ and it's doing so with strength. This could be the beginning of a much larger upside move.
โ
๐ฏ *Targets (TP):*
- *TP1*:3.85 โ first key resistance, aligns with May 2024 highs and volume cluster โก
- *TP2*: 5.60 โ next major resistance from March structure and psychological level ๐
- *TP3*:9.00 โ full wedge breakout target and historical supply zone ๐ฅ
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๐ *Stop Loss (SL):*
- *2.10* โ just below wedge support and invalidation of the breakout ๐ก๏ธ
โ
๐ *Why this breakout matters:*
- โ *Falling wedge breakout* confirms bulls taking back control ๐
- โ Volume increase = momentum backing the move
- โ Macro sentiment shifting toward altcoins = tailwind ๐ช๏ธ
- โ Staking narrative + ecosystem growth also adds strength ๐ป
โ
๐ง *Strategy Tip:*
NEAR is *high beta* โ meaning it moves fast once trend flips. *Set your targets, donโt chase pumps*, and trail your stop-loss if TP1 is hit to secure gains.
โ
๐ *Summary:*
- Buy NEAR/USDT at2.595
- *TP1:* 3.85
- *TP2:*5.60
- *TP3:* 9.00
- *SL:*2.10
๐ Strong breakout, strong potential. Patience will be key.
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