NEAR/USDT Buy Setup – Targeting Resistance at $8.39
Alright traders, let’s break down the NEAR/USDT weekly chart and identify a potential buy setup from the nearest support to the nearest resistance.
On this chart, we can see that NEAR/USDT is trading just above the 21 EMA, indicating a potential bullish momentum if the support holds. The recent price action shows the price finding support around the $5.35 level. The nearest resistance level is at $8.39.
Given the current market structure, I am looking for a buy opportunity. The key levels to watch are the support at $5.35 and the resistance at $8.39. Here’s the plan:
Entry: Look for a buy entry around the current price near the $5.35 support level.
Stop Loss: Set the stop loss just below the recent low and support level, around $5.00.
Take Profit: Target the nearest resistance level at $8.39.
On this chart, we can see that NEAR/USDT is trading just above the 21 EMA, indicating a potential bullish momentum if the support holds. The recent price action shows the price finding support around the $5.35 level. The nearest resistance level is at $8.39.
Given the current market structure, I am looking for a buy opportunity. The key levels to watch are the support at $5.35 and the resistance at $8.39. Here’s the plan:
Entry: Look for a buy entry around the current price near the $5.35 support level.
Stop Loss: Set the stop loss just below the recent low and support level, around $5.00.
Take Profit: Target the nearest resistance level at $8.39.
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