NEARUSDT trade ideas
need to see if can break out of the downtrend channelHello?
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(NEARBTC 1W Chart)
The question is whether it can break out of the downtrend channel and rise to around 0.00015311.
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(NEARUSDT 1D chart)
The question is whether it can hold the price above 2.399 and rise to around 3.198.
If not, we need to see if it drops to around 1.964.
Depending on which direction it breaks out of the downtrend, the trend is expected to continue.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at ().
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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✅TS ❕ NEARUSD: reached a lower boundary✅✅ NEAR has reached the support area as expected.
The graph has not gone below the lower boundary of the area.
I expect a price rebound. ✅
🚀 BUY scenario: long to 2.534. 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments
Near. Daily analysis.Let's consider the price movement on a daily timeframe. The coin has broken out of a downtrend, pierced a sloping trendline, and approached the $2.8 resistance, forming something similar to an ascending triangle. The 200-day moving average also serves as a fairly strong resistance level. The idea is to look for LONG positions after the resistance is broken and the price is sustained above these levels. Why LONG? It's all quite simple, really. If we open the monthly chart, the price is currently within a range of favorable prices. The peak growth reached around $20. The price is currently at $2.59. There is potential. The deal is spot. We are watching the events unfold. Thank you for your attention.
✅TS ❕ NEARUSD: trading in range✅✅ NEAR moves in the range.
The chart reacted by moving downwards to reach the resistance area.
I expect further decline. ✅
🚀 SELL scenario: short to the support area. 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments
NEARUSDT is loading?NEARUSDT is currently testing the 0.382 Fibonacci level after a clear bullish impulse from a rounded bottom pattern, as previously indicated.
The market is now testing the 4-hour support inside a falling wedge formation, which is a bearish reversal pattern that is characterized by a tightening of the price range over time.
The falling wedge pattern typically signifies a loss of bearish momentum and an upcoming trend reversal, but new liquidity is needed for the market to continue its bullish movement. If the market does not receive the necessary liquidity, a bearish impulse could ensue, driving the price down to the 0.5 Fibonacci level.
However, the scenario is invalidated if the price loses the 1.8$ level, which serves as a key support.
On the other hand, if the price creates a clear breakout above the falling wedge pattern, according to Plancton’s rules, traders may consider opening a new long position, as this could signal a continuation of the bullish trend.
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🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
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