Daily Scalping Opportunity in NEAR Protocol (NEAR/USDT)
The NEAR/USDT chart presents a compelling opportunity for daily scalping. Currently priced at $4.509, NEAR is showing signs of a potential rebound from the support level around $4.50.
- Price Action: NEAR has been testing the support level at $4.50, indicating strong buying interest at this level.
- SMA 200: The price is hovering above the SMA 200, suggesting a long-term bullish trend.
- Support & Resistance: Key support is at $4.50, with resistance levels at $5.50 and $7.48. The retest of the $4.50 psychological support adds to the significance of this level.
- Volume: There is significant volume activity around these price levels, supporting potential volatility ideal for scalping.
Utilize the strong support at $4.50 as a buying zone, targeting the resistance levels for quick exits. The bullish indications from the RSI and MACD further enhance this strategy. Always remember to set a stop-loss slightly below the support level to manage risk effectively.
Disclaimer: This is not financial advice. Always conduct your own research before trading.
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