$NEAR Technical Analysis for NEAR/USDT (1-Hour Timeframe)

1. Key Observations

Current Price: 5.853 USDT (+3.15%)

Moving Averages:

MA(7): 5.805 (short-term support)

MA(25): 5.790

MA(99): 5.391

Indicators:

RSI(6): 65.41 (bullish but nearing overbought levels)

MACD: Negative histogram but narrowing, indicating potential bullish crossover.

2. Pattern Check

The chart shows an ascending trend, with higher highs and higher lows.

Potential Pattern:

Ascending Triangle: Bullish breakout likely if the price breaches 5.894 with strong volume.

3. Trade Recommendations

A. Scalping (Short-Term)

Long Entry: 5.855 USDT (on breakout confirmation above 5.894)

Short Entry: 5.805 USDT (if rejected near resistance at 5.894)

Take Profit (TP):

Long: 5.90–5.95 USDT

Short: 5.75 USDT

Stop Loss (SL):

Long: 5.805 USDT

Short: 5.905 USDT

Duration: 10–30 minutes

B. Intraday (Medium-Term)

Long Entry: 5.855 USDT (confirm breakout above resistance)

Short Entry: 5.780 USDT (below MA(25))

Take Profit (TP):

Long: 6.00 USDT

Short: 5.65 USDT

Stop Loss (SL):

Long: 5.78 USDT

Short: 5.90 USDT

Duration: 1–3 hours

C. Long-Term

Long Entry: 5.780 USDT (on pullback to MA(25) or trendline support)

Take Profit (TP): 6.20–6.50 USDT

Stop Loss (SL): 5.700 USDT

Duration: 1–7 days

4. Risk Management

Use 2% of account balance per trade.

Place SL 1% below support for long positions and 1% above resistance for short positions.

Adjust SL to breakeven when profit exceeds 50% of TP.

5. Sentiment Analysis

Market shows bullish sentiment with buying pressure visible in volume spikes.

Monitor broader market conditions as sentiment can quickly shift.

6. Risk Management Plan

If Signal Goes Against:

Exit trade when the price breaches SL without hesitation.

Reassess the setup before re-entering.

7. Disclaimer

This analysis is educational and not financial advice. Always conduct your research and trade responsibly.

8. My Opinion

Favorable Position: Long

Entry: 5.855 USDT

TP: 6.00 USDT

SL: 5.78 USDT

Duration: 1–3 hours

Short positions should be taken cautiously, only if there's a clear rejection at 5.894.

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