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🪙 Coin Name: #NEAR/USDT 4h
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On the 4-hour time frame, NEAR Protocol (NEAR) has been forming a rising channel chart pattern, characterized by higher highs and higher lows, indicating a sustained upward trend. Upon examining the Relative Strength Index (RSI), which is a momentum oscillator, we observe bullish signals. The RSI is showing increasing momentum, suggesting that the bullish trend is gaining strength.
Furthermore, NEAR has recently hit the resistance line of this rising channel. Typically, when an asset hits the resistance line in a rising channel while the RSI is bullish, it indicates the potential for continued upward movement. Given these factors—the bullish indications from the RSI and the encounter with the resistance line—it appears that NEAR is likely to maintain its bullish trajectory. This suggests that the upward trend is expected to persist, and traders can anticipate potential further gains.
Entry: 8.079 - Market Price
Signal Type: LONG
Take Profit-
🎯$8.400
🎯$8.600
🎯$8.700
🔒 Leverage: 20x
⛔ Stop Loss at: $7.696
Don't miss out on this opportunity! 💸
