NEAR/USDT – Testing Resistance, Mild Bullish Momentum | Master Trade Analysis 🔸

Overview:

$NEAR is up 3.54%, currently trading at $2.631, with a 24h high of $2.715 and a low of $2.538. On the 4H timeframe, NEAR is approaching local resistance near $2.715, showing steady gains from its previous low at $2.140. RSI at 55.93 suggests moderate bullish momentum.

Technical Analysis:

🔹 Bollinger Bands: Price is near the upper band ($2.716), indicating potential resistance.

🔹 RSI (6): 55.93, comfortably bullish but not overbought.

🔹 MACD: DIF: 0.009, DEA: -0.014, MACD: 0.023, confirming a bullish crossover.

🔹 Volume: 697.65K NEAR, steady buying pressure.

🔹 Moving Averages: 5-MA ($3.70M) above 10-MA ($3.02M), supporting short-term uptrend.

🔹 Stochastic (K/D/J): K: 71.43, D: 74.36, J: 65.57, showing slight cooling from overbought levels.

Trade Strategy:

🔹 Support Zone: $2.52 - $2.55, likely to act as a rebound zone.

🔹 Resistance Levels: $2.72 - $2.73, key barrier for further upside.

🔹 Stop-Loss Placement: Below $2.50, to limit downside risk.

🔥 Master Trade Setup 🔥

✅ Scalping: Buy $2.62, target $2.70 - $2.72, SL $2.58.

✅ Swing Trade: Buy $2.55, target $2.80 - $2.90, SL $2.50.

⚠️ Breakout Watch: A 4H close above $2.73 could push NEAR toward $2.90 - $3.00.

🛡️ Risk Management:

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

🔹 Stop-Loss Discipline: Stick to defined SL to protect capital.

🔹 Risk-to-Reward Ratio: Aim for 1:2 or better.

🔹 Market Conditions: Monitor BTC and overall market sentiment for confirmation.

💬 $NEAR is challenging key resistance, will it break out or retrace? Drop your thoughts!

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