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