---$NEAR
📈 NEAR/USDT Long Trade Setup - Daily Chart Analysis 📈
Pair: NEAR/USDT (1D Chart)
Current Price: $5.43
📝 Technical Overview: NEAR is currently trading above a key support zone, with a recent breakout from a descending trendline. This signals a potential bullish move if momentum continues, and price could push toward the next major resistance zone.
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🚩 Trade Setup Details:
Support Zone: Around $5.00 – the price has held well here, indicating a strong buy area.
Resistance Zone: Targeting $9.00 – this is the next significant resistance level if upward momentum is sustained.
🎯 Strategy:
Entry: Look for entries above $5.43 with confirmation of bullish momentum.
Target: Aim for the $9.00 resistance zone.
Stop-Loss (SL): Consider placing SL below the support zone around $5.00 to limit downside risk.
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⚠️ Risk Management:
This setup is promising, but as always, manage risk by adjusting position sizes appropriately. Use proper stop-loss levels and avoid over-leveraging.
📈 Note: The daily timeframe means this setup may take time to play out. Patience is key in longer timeframes.
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Happy trading, and stay safe!