NEARUSDT.P Chat GPT Analysis of the 1H NEARUSDT chart: Market trend and structure: The chart shows extensive consolidation with decreasing peaks and holes, suggesting a downward trend. The clearly marked downward trend line acts as resistance. The graph is located at the bottom of the channel, which may suggest a potential reflection. Support and resistance zones: Support: About USD 2,558 (lower channel boundary). Resistance: Around 2.932 - 2.94 USDT (local supply zone). Technical indicators: RSI: Currently at 38 – close to sale, suggesting potential reflection. In the past, the RSI level in these areas caused a price response up. KDE Optimized RSI indicates Bullish KDE 33.1%, which may suggest possible upward movement. Long and short orders: A lot of previous short positions around resistance and long around support. Current price near the lower ranges, where longs have historically appeared. Potential entries in: Long (buy): Entrance around 2,820 - 2,840 USDT, where the local demand zone is located. Stop Loss below USD 2,790 (if the price beats the last hole). Take Profit: 2.932 - 2.94 USDT (resistance and supply zone). Short (sales): Entrance around 2.932 - 2.94 USDT (upper consolidation limit). Stop Loss over USD 3.00 (resistance break). Take Profit: 2,820 - 2,840 USDT. Summary: Safer play is Long if the price stays above support and RSI increases. Short can be played with a strong rejection of 2.94 USDT. It is worth observing the response to supply and demand zones.
NEARUSDT NEAR has been always in relation to etherium. With this 4% pump of etherium today near should have been normally at 3.7-3.8 , but market is being very chaotic and strange. Big manipulation!