🚀 NEAR Gearing Up for a Massive Move? Double Bottom
Breakout Confirmed! 🌕
The NEAR Protocol ($NEAR ) is showing strong bullish momentum, with key technical patterns signaling an imminent price surge. The falling wedge breakout from previous analysis has played out, and now, a double bottom (W pattern) breakout has been confirmed—suggesting further upward potential!
📊 Technical Analysis & Key Insights:
🔹 Double Bottom Breakout 📈 – NEAR has formed a classic reversal pattern, typically indicating the end of a downtrend and the beginning of a strong uptrend. This formation strengthens the bullish outlook.
🔹 Confirmed Breakout ✅ – The price has successfully moved above the neckline resistance, confirming the pattern and increasing the probability of sustained gains.
🔹 Trade Setup 🎯 (Not financial advice, always conduct your own research):
Leverage (if used): 11x (Approach with caution—leverage increases both risk and reward).
Long Entry: $3.40
Stop Loss: $3.23 (Essential for risk management).
Short-Term Target: $3.636
Long-Term Target: $4.33 (If momentum sustains).
📌 Why This Setup Matters?
Double bottom breakouts are historically reliable indicators of price reversals. Coupled with the prior falling wedge breakout, NEAR is demonstrating a high probability of continued bullish movement. If momentum persists, this setup could lead to further gains in the coming weeks.
🔮 What’s Next?
I’ll be closely monitoring NEAR for further confirmation of this trend and will update with additional chart insights as new opportunities arise. Ensure you're following to stay ahead of potential moves!
💬 Your Thoughts?
Are you bullish on NEAR after this double bottom breakout? Do you think NEAR will reach $4.33+ soon? Drop your predictions in the comments below! 👇🚀
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