$NEAR Protocol Ready for Takeoff? Price Pressures Resistance with Bullish Momentum🤔🔐🔑👇
Timeframes Analyzed: 1H and 1D
Current Price: $2.603
Formed Candle & Chart Pattern (1D):📊
Structure: Clean bullish CHoCH confirmation with BOS (Break of Structure) on lower timeframe.
Indicators: 📉
Price trading above 20 EMA and 50 EMA
RSI turning upward from mid-levels
Resistance Zone: $2.80–$3.10
Support Zone: $2.32–$2.49
Trend Signal:
Short-Term Trend: Bullish
Medium-Term Trend: Attempting reversal — still under higher supply zone
Why Bullish?🤔🔥
Consecutive Higher Lows & Strong Buy Volume
Daily CHoCH & 1H range breakout retest confirms aggressive buyers stepping in
$NEAR Price holding above mid-EMA bands with momentum
RSI showing recovery from oversold on both TFs
Best Trading Strategy Plan:🧑💻
Entry Zone: $2.59–$2.63 (current support zone)✅
Target 1: $2.80🎯
Target 2: $3.10🎯
SL: Below $2.49☣️
Risk Reward: 1:2 minimum
Strategy Type: Breakout-retest + Momentum with EMA trend support
Takeaway:🧑🏫
$NEAR is gradually climbing back with strong structure formations and buyer control. As long as it holds above the $2.50 zone, expect a retest of upper resistance near $3.10.
👨❤️👨"Price is just a number—structure is the language. Follow the structure, not the hype."
Disclaimer: ⚠️
This post is for educational purposes only. Do your own research before trading.