$NEAR SET TO REVISIT ITS PREVIOUS ATH ($20.6)! 🔥But First... 👇
Currently trading at $7.9, NEAR is showing a strong up trend! Thanks to the latest news regarding Ethereum, the crypto market has recovered and more buying volumes have come in. NEAR is gaining a significant momentum and the monthly structure literally confirms that. If the June monthly candle closes above the previous one, most likely the trend will revisit R2. Despite the past challenges in surpassing the 10 dollar, this time, the narrative could become reality. Technical indicators on a monthly time frame such as EMA10 and MOM10 are suggesting a long term uptrend. This is a massive bullish scenario for long term investors. Fibonacci levels predict a price target of $16.5. However, if we "zoom in" and we watch at the daily time frame, HMA and CCI indicators are forecasting a short term correction, heading to S3. For who may doesn't know, the Hull Moving Average (HMA) is an helpful indicator that helps to spot a trend direction and thus confirm a potential market reversals. According to the current situation, I will implement the following strategy:
Up Trend Scenario + Hedge Strategy
I will open a long position as soon as the price reaches the support range (S3). Leverage 1x, Stop loss on 7.16. If the price then goes up, I'll take profit on R1 (25%) and (75%) on R2. If selling volume increase and market goes against me, I'll open a short position on the previous stop loss and take profits on S2. Most likely, on S2 I'll reopen a new long position but with Leverage 2x. I'll keep you update!
And You, Do You Believe Near Could Hit Again Its Previous ATH Of $20.6? 🤔 Let Me Know In Comments!
STAY TUNED!🔥& Remember, Your Support Is MASSIVELY Appreciated!👍💪 Also Don't Forget To Share It To Your Buddy! 🎅 - DYOR 🙏 NFA.🤝
