Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries NEAR/USDT potential long opportunity as the price drops for correction By: Invezz March 08, 2024 at 10:29 AM EST NEAR/USD trading strategy Buy/sell asset: Buy NEAR/USDTEntry price: 4.3Stop loss: 3.7Leverage: 1xTake profit 1: 5.00Take profit 2: 6.25Take profit 3: 7.50Timeframe: 1-2 weeksMaximum profit: 73%Maximum loss: 14%NEAR/USDT chart and technical analysisThe NEAR protocol gained 72% this week and the price broke above the previous high of 4.77. Currently, the price is making a correction and will likely retrace back to the 4.33 support level before making new highs. The price was making small gains for the last two months. However, this week’s gains were significant which indicates the price is likely to surge more.The market structure is bullish and the price will probably make further gains after the retracement. Moreover, the price left long bullish candles with imbalances and fair value gaps which indicates the strong bullish pressure.I am considering the 4.33 support level for long entry as this is a key support level. Additionally, the 4.33 level is around the 0.5 Fibonacci retracement level and there is also a bullish order block around the price. My target for this trade is the 7.50.NEAR protocol fundamental analysisFundamentally, the investors’ confidence is high, the bulls are in control of the price and the NEAR protocol is likely to gain more value in the coming days.NEAR protocol to Tether trade idea takeawaysNEAR/USDT is likely to gain more value as the price breaks above the previous high.The price will probably surge to the 7.50 supply level in the coming days.Multiple take-profit levels have been added to secure profit along the way.The risk-to-reward ratio on this trade is 1:5.The entry and stop-loss prices have been placed at secure levels with the least probability of getting hit.Good luck!The post NEAR/USDT potential long opportunity as the price drops for correction appeared first on Invezz Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
NEAR/USDT potential long opportunity as the price drops for correction By: Invezz March 08, 2024 at 10:29 AM EST NEAR/USD trading strategy Buy/sell asset: Buy NEAR/USDTEntry price: 4.3Stop loss: 3.7Leverage: 1xTake profit 1: 5.00Take profit 2: 6.25Take profit 3: 7.50Timeframe: 1-2 weeksMaximum profit: 73%Maximum loss: 14%NEAR/USDT chart and technical analysisThe NEAR protocol gained 72% this week and the price broke above the previous high of 4.77. Currently, the price is making a correction and will likely retrace back to the 4.33 support level before making new highs. The price was making small gains for the last two months. However, this week’s gains were significant which indicates the price is likely to surge more.The market structure is bullish and the price will probably make further gains after the retracement. Moreover, the price left long bullish candles with imbalances and fair value gaps which indicates the strong bullish pressure.I am considering the 4.33 support level for long entry as this is a key support level. Additionally, the 4.33 level is around the 0.5 Fibonacci retracement level and there is also a bullish order block around the price. My target for this trade is the 7.50.NEAR protocol fundamental analysisFundamentally, the investors’ confidence is high, the bulls are in control of the price and the NEAR protocol is likely to gain more value in the coming days.NEAR protocol to Tether trade idea takeawaysNEAR/USDT is likely to gain more value as the price breaks above the previous high.The price will probably surge to the 7.50 supply level in the coming days.Multiple take-profit levels have been added to secure profit along the way.The risk-to-reward ratio on this trade is 1:5.The entry and stop-loss prices have been placed at secure levels with the least probability of getting hit.Good luck!The post NEAR/USDT potential long opportunity as the price drops for correction appeared first on Invezz