🚀📈 NEAR Support Breakout Trade Setup 📈🚀
📊 Analysis:
Strong Support: NEAR has rebounded from the support level at $6.43, indicating strength in this area.
Confirmation Needed: Conviction will increase with a clear break above $6.80 and sustained holding above this level.
Laddering Strategy: Plan to enter the trade gradually, starting with minimal leverage and increasing as key resistance levels are surpassed.
📈 Trade Plan:
Entry: Initiate laddered positions once NEAR breaks and holds above $6.80.
Target: Aim for a target of up to $8.80, with potential for further upside.
Risk Management: Start with minimal leverage and increase gradually as NEAR surpasses crucial levels. Set stop-loss orders to manage risk effectively.
💡 Note: Monitor price action closely for confirmation of bullish momentum and adjust strategy accordingly. 📈💰 #NEAR #SupportBreakout 🚀📉
Strong Support: NEAR has rebounded from the support level at $6.43, indicating strength in this area.
Confirmation Needed: Conviction will increase with a clear break above $6.80 and sustained holding above this level.
Laddering Strategy: Plan to enter the trade gradually, starting with minimal leverage and increasing as key resistance levels are surpassed.
📈 Trade Plan:
Entry: Initiate laddered positions once NEAR breaks and holds above $6.80.
Target: Aim for a target of up to $8.80, with potential for further upside.
Risk Management: Start with minimal leverage and increase gradually as NEAR surpasses crucial levels. Set stop-loss orders to manage risk effectively.
💡 Note: Monitor price action closely for confirmation of bullish momentum and adjust strategy accordingly. 📈💰 #NEAR #SupportBreakout 🚀📉
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.