Based on your analysis, here’s a more detailed prediction for $NEAR :
Current Scenario
The $5.8 level is critical, acting as a support zone. Given the recent price movements and the established range of $4–$8, we can consider the following strategies:
Scenario 1: Correction to $5.4 before recovery
If $NEAR retraces to $5.4, it could form a strong buy zone for swing traders looking to ride the bounce back to $7–$8.
Look for oversold signals on RSI or bullish divergences to confirm a reversal at $5.4.
Scenario 2: Sideways consolidation above $5.8
If the price holds above $5.8, this could indicate bullish strength. A break above $6.2 (local resistance) would signal an upward continuation to $7 and eventually $8.
Volume analysis will be key here. An increase in volume with sideways movement confirms accumulation by larger players.
Strategy for Traders
1. Swing Traders:
Buy around $5.4 or $5.8 with a stop-loss below $5.2.
Take profits at $7 and $8 zones.
2. Breakout Traders:
Enter above $6.2 once confirmed by volume, targeting $7 first and then $8.
3. Holders:
Continue holding as the $4-$8 range remains consistent for medium-term growth.
Additional Notes:
Monitor Bitcoin's price closely as $NEAR ’s movement often aligns with market sentiment.
Watch key resistance levels at $6.2 and $7 for confirmation.
These strategies are probabilistic, so always manage
risks accordingly. What’s your take on this plan?
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