๐ข Long Trade Setup (Buy)๐น Entry Point:$2.50โ$2.52 USDC (Current area of consolidation, showing minor recovery after forming a base around $2.40)๐น Stop Loss (SL):$2.38 USDC (Below recent local support and the recent swing low)๐น Take Profit (TP):$2.85 USDC (Retest of the last major resistance zone, aligns with previous high before last drop)๐ Risk/Reward RatioRisk = $2.52 - $2.38 = $0.14
Reward = $2.85 - $2.52 = $0.33
R:R = ~1:2.35 โ a favorable risk/reward
๐ Trade Analysis: $NEAR has bounced off a short-term bottom near $2.35โ$2.40.
Price is now ranging between $2.48โ$2.52, which may act as a demand zone.
A bullish push above $2.60 could confirm further upside momentum.
You might consider scaling in near $2.50 and adding more on confirmation above $2.60.
๐ป Optional Short Setup (if price rejects)If $NEAR fails to hold $2.50 and breaks down: Short Entry: ~$2.48
TP: $2.35
SL: $2.58
Use only with confirmation of breakdown (e.g., large red candle with volume).
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
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