$NEAR Protocol (NEAR) is a cryptocurrency that has recently shown positive movement. Here's a simple breakdown to help you understand its current status and potential trading strategy.

Buy Zone. Consider purchasing NEAR if its price falls to around $5.20. This area is seen as a support level where buyers might step in.

Target Price. For short-term gains, aim to sell NEAR when it reaches approximately $6.20. This is a resistance level where the price may face selling pressure.

Stop Loss. To protect against potential losses, set a stop-loss order at $4.90. This means if the price drops to this level, your position will automatically close to prevent further loss.

Risk Reward Ratio. This strategy offers a favorable risk-reward ratio, meaning the potential profit outweighs the possible loss.

Market Trends. NEAR has recently shown bullish (upward) trends, breaking above previous resistance levels, which suggests a continuation of this positive movement.

Important Note. Cryptocurrency markets are highly volatile and can change rapidly. Always conduct your own research and consider your financial situation before making any trading decisions.

For a more detailed analysis, you might find this video helpful.

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