🚀 $NEAR Protocol - Long-Term Breakout Play
NEAR has been building a solid base and now trades above the $2.90 breakout zone, a level that previously acted as a ceiling during multiple rallies. Breaking and holding above this level signals the start of a larger bullish phase, with momentum favoring a sustained uptrend over the coming weeks and months.
Trade Setup (Long-Term Swing):
Entry: $2.941 (current price)
Target 1: $4.20 (+42.8%)
Target 2: $6.50 (+121%)
Stop Loss: $2.76 (5.5% below breakout)
Why This Matters:
📈 Breakout Strength: Price action cleanly moved through resistance with healthy volume, showing strong buyer conviction.
🔥 Macro Trend Reversal: Higher highs and higher lows are now established, indicating a shift from accumulation to expansion.
🛡 Support Confirmation: $2.90 zone has flipped into solid support, providing a strong base for future rallies.
💹 Long-Term Potential: If TP1 is reached, it will confirm a macro breakout, opening the path toward $6.50.
Strategy:
This is a long-term hold signal - partial profits can be taken at $4.20, while the rest rides toward $6.50. As long as NEAR holds above $2.90, dips are healthy re-entry zones.
