🔸 NEAR/USDT – Breakout Rally! | Trade Setup 🔸

Overview:

$NEAR is trading at $3.494, up +6.92%, with a 24H high of $3.54 and a low of $3.174. The 4H timeframe shows a strong breakout above key resistance, with momentum building.

Technical Analysis:

🔹 Bollinger Bands: Price is above the upper band ($3.502), signaling a strong bullish breakout.

🔹 RSI (6): 86.16, entering overbought territory—potential continuation or pullback ahead.

🔹 MACD: DIF: 0.082, DEA: 0.036, MACD: 0.046—bullish crossover confirms momentum.

🔹 Volume: 69.18M USDT, with a spike in buying interest.

🔹 MA (5 & 10): MA(5) $3.567M, MA(10) $2.638M, confirming short-term bullish trend.

🔹 OBV: -46.53M, indicating aggressive volume shifts.

🔹 Stochastic (K/D/J): K: 83.49, D: 80.20, J: 90.07, suggesting strong momentum.

Trade Strategy:

🔹 Support Zone: $3.30 - $3.40, acting as a retest level.

🔹 Resistance Levels: $3.70, then $4.00 for further breakout.

🔹 Stop-Loss Placement: Below $3.20 to limit downside risk.

🔥 Master Trade Setup 🔥

✅ Scalping: Buy $3.50, target $3.65 - $3.75, SL $3.30.

✅ Swing Trade: Buy $3.40, target $3.90 - $4.00, SL $3.20.

⚠️ Breakout Watch: A clean move above $3.70 could push toward $4.20+.

🛡️ Risk Management:

🔹 Capital Allocation: Risk only 2-5% per trade.

🔹 Stop-Loss Discipline: Maintain SL levels to protect capital.

🔹 Risk-to-Reward Ratio: Aim for 1:2 minimum for optimized returns.

🔹 Market Conditions: Monitor Bitcoin’s movement for broader trend confirmation.

💬 Will $NEAR push past $3.70 or face rejection? Drop your thoughts below!

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⚠️ Always DYOR before trading! Crypto markets are volatile, manage risk wisely.

🔹 Data source: Binance