🚨 Urgent Announcement 🚨
Coin Name: #Nearusdt
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In the near two-hour timeframe, there appears to be a formation resembling a converging triangle pattern. This pattern suggests that the trading range is narrowing over time, indicating a potential impending breakout. Specifically, the breakout appears to be occurring above the resistance line of the triangle. This breakout above the resistance line typically signifies a bullish sentiment in the market. Traders and investors often interpret such a move as a signal of increased buying pressure, potentially leading to further upward movement in the price of the asset. Therefore, based on this analysis, the current market conditions suggest a bullish outlook in the near term.
🟢 LONG Position Recommended:
Entry: Current price - 7.165
Take Profit Targets:
1. 7.300
2. 7.400
3. 7.500
⚠️ Trading with 20x Cross Leverage
⚠️ Stop Loss: 6.980
Note: It's crucial to avoid excessive margin and leverage to ensure liquidity.
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