Technical analysis 🔍
(4H):
NEAR price is moving in an ascending channel, forming higher highs and lows.
The moving averages (50 and 200) are pointing up, confirming the bullish trend.
(1H):
The RSI indicator is approaching the overbought zone, which may indicate a possible short-term correction.
MACD is showing a bullish crossover, confirming the upward momentum.
(15M):
A bearish divergence has been detected on the RSI, which may signal an imminent correction.
(5M):
Price is making a series of lower highs, indicating a reduction in buying pressure.
(FVG) ⚖️
(4H):
The imbalance zone between 6.50–6.70 USDT, formed by a sharp upward price movement, can serve as a support area during a correction.
(1H):
The imbalance zone in the range of 6.80–6.90 USDT may become the nearest target in a downward movement, where a price rebound is possible.
(SM) 🧠
Liquidity zones:
The 6.50 USDT level is a significant liquidity zone, where large trading volumes have been observed previously, which may indicate the interest of large players.
Order Blocks:
A bullish order block has formed in the range of 6.40–6.50 USDT, indicating potential purchases by SM.
Recommendations for the deal 💼
💵 Long position:
Consider entry in the 6.40-6.50 USDT range, which coincides with the liquidity zone, bullish order block and imbalance zone.
⛔️ Stop loss:
Set at 6.20 USDT to limit potential losses.
🎯 Take profit:
The target is at 7.60 USDT, which corresponds to the upper border of the ascending channel and previous local highs.
Risk to Reward Ratio (RRR): ⚖️
With these parameters, the RRR is 1:3, which corresponds to the optimal risk management strategy.
Conclusion 🏁
The current market situation provides an opportunity to open a long position in the specified range, taking into account the imbalance zones, SM activity and technical indicators. However, it is recommended to closely monitor market news and dynamics in order to react to possible changes in a timely manner.
⚠️ Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own analysis before making investment decisions. 🛡