$NEAR /USDT: Bullish Breakout Imminent?🚀 🐂
$NEAR is showing strength! After a recent dip to $7.800, the price has rebounded to $7.904.
The current chart pattern suggests a potential consolidation period before a bullish breakout.🚀
Here's what to watch for:
* Long Entry🚀🚀: Consider going long above $8.000 with targets at $8.200, $8.350, and $8.500.
* Short Entry🛑🩸: If the price dips below $7.780, a short position could be profitable with targets at $7.600, $7.450, and $7.300.
* Stop Loss: Use a tight stop loss to manage risk. For long positions, consider a stop loss at $7.850. For short positions, a stop loss at $7.900 is recommended.
The Next Move:
* Bullish Scenario: If NEAR can hold above $7.900, a strong bullish breakout is likely.
* Bearish Scenario: A break below $7.780 could signal a bearish trend.
Remember: Crypto markets are highly volatile. Always do your own research and consider consulting with a financial advisor before making investment decisions.
Let's discuss! Share your thoughts on NEAR's future direction in the comments below.