📊 Instant Trading Recommendation: Buy NEAR/USDT
Entry Point: 2.65
(Current price near the immediate resistance, with potential breakout signals).
First Target (Take Profit 1): 2.70
(Short-term resistance based on the current upward channel).
Second Target (Take Profit 2): 2.75
(In case of strong trading momentum and high volume).
Stop Loss: 2.50
(Strong support at the 24-hour minimum, with a safety margin against sudden volatility).
Trade from here for God's blessings $NEAR
📈 Technical Justifications for Price:
1. Current Trend:
NEAR price has increased by +4.4% in the last 24 hours, surpassing today's range (2.51 - 2.66).
Market value increased by 5.5%, and trading volume jumped by 53% in the last 24 hours, indicating strong buying momentum.
2. Critical Levels:
Resistance: 2.66 (Today's High) → 2.70 (Instant Target) → 2.75 (Next Stage).
Support: 2.51 (Today's Low) → 2.47 (Weekly Lowest Price).
3. Technical Signals:
Relative Strength Index (RSI): Near the buying zone (not overbought) according to TradingView analysis.
The upward channel: the price has been trading within an upward channel for a week, with repeated testing of resistance at 2.66.
4. Market Risks:
Potential quick volatility due to high trading volume (175 million in 24 hours).
A pullback from 2.66 could push the price towards 2.50, so a strict stop loss is advised.
⚠️ Executive Notes:
Timeframe: The trade is valid until 10:00 PM UTC (for one hour from the time of analysis).
Risk Management:
Risk/Reward Ratio: 1:2.5 (Entry 2.65, Stop 2.50, Target 2.75).
It is preferable to take profits: Take 50% at 2.70, and the rest at 2.75.
Market Sentiment:
76% of sentiments are positive towards NEAR according to TradingView and CoinGecko indicators.
✅ Summary:
Enter by buying NEAR at 2.65 with a quick target at 2.70-2.75 and a stop loss at 2.50. This trade relies on strong upward momentum and clear technical support levels, with close monitoring of the price over the next hour due to market sensitivity to news.
in a row.
> 👁️ Track the price live: Trade from here and may God bless you and bring you profit $NEAR
CoinGecko - NEAR/USD
TradingView - NEAR/USDT