NEAR | Waiting to Breakout | 4h
NEARUSDT- 1d chart is strong with a retracement of only 0.382
- The 4th wave is confirming to complete and goes for the 5th wave
- Now trading within a large rectangle
- Lower bound is the volume profile POC at 14.8, which has support 4 times
- Upper bound is a resistance of 17.7 that tested 5 times, waiting to break
- 4h chart shows a W shape followed by a pivot just below the resistance
- A high reward to risk entrance opportunity
- NEAR going to announce its USN stable coin arrangement later today
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