$NEIRO

EAR Price Analysis and Trading Strategy

Current Scenario:

NEAR Protocol (NEAR) is facing a long liquidation of $20.498K around the price level of $4.9643. This suggests significant pressure at this level, as leveraged long positions are being forced to exit due to falling prices.

What’s Next?

To trade NEAR effectively, let’s outline a potential strategy using Buy Zone, Target, and Stop Loss based on the market structure:

Trading Plan

Buy Zone (Entry Point):

Consider entering the trade if NEAR price approaches $4.85 - $4.95.

This range may act as a support zone due to increased trading activity at nearby levels.

Target (Take Profit Levels):

Target 1: $5.10

(Conservative target to book partial profits early.)

Target 2: $5.30

(Aggressive target if NEAR rebounds strongly.)

Stop Loss (Risk Management):

Place a stop loss at $4.70.

This level ensures that you exit the trade if the price falls further, minimizing losses.

Key Observations:

Trend Analysis:

NEAR may experience volatility near the liquidation zone, so closely monitor price action before entering.

Risk-to-Reward Ratio:

Maintain a ratio of at least 1:2 or 1:3. For example, risking $0.20 to gain $0.40–$0.60 per unit.

Volume Confirmation:

Check for increased buying volume near the Buy Zone to confirm entry. If volume is low, reconsider the trade.

Caution:

Market conditions can change rapidly. Always adjust your strategy based on new data.

Avoid over-leveraging, as liquidations can lead to unexpected volatility.

This plan is for educational purposes and should not be considered financial advice. Conduct your own research before trading.

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