$NEAR
/USDT Technical Analysis & Trade Strategy🎯🔥
Current Price: 6.841 (-5.75%)
24h High: 7.259
24h Low: 6.727
24h Volume (NEAR): 12.48M
24h Volume (USDT): 86.49M
Key Indicators:
Trend: Bearish with a 5.75% decline, indicating ongoing pressure to the downside.
Support: 6.727 (24h low) — a critical level to watch for potential reversal or stabilization.
Resistance: 7.259 (24h high) — the key resistance level to monitor for potential recovery.
Volume: Healthy volume with increased selling activity in the market.
Depth: Negative depth suggests selling dominance, which may continue the downtrend unless a reversal is confirmed.
Trade Strategy:
Entry Point:
Enter long near 6.727 (24h low) if price shows signs of stabilization or reversal.
Alternatively, wait for a break above 6.800 for confirmation of upward momentum.
Target Levels 🎯:
1. Target 1: 6.950 – First resistance level (around 3.2% gain potential).
2. Target 2: 7.100 – Intermediate resistance zone (5.2% gain potential).
3. Target 3: 7.259 – Previous 24h high (7.5% gain potential).
Stop Loss:
Stop Loss: Set at 6.600 to manage risk (around 2.8% below current price).
Summary:
Buy near 6.727 or 6.800 if price shows a reversal or momentum shift.
Target Levels: 6.950, 7.100, and 7.259.
Stop Loss: 6.600.
This strategy aims to take advantage of a potential rebound at support levels with clear exit points at resistance. Adjust stop loss and targets if market conditions change.