NEARing A Strong Support ✅

22 nov 2023

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📈 NEARUSDT has exhibited an overall bullish trend, trading inside the rising broadening wedge in red.

At present, NEAR is undergoing a correction phase and it is currently approaching the lower bound of the wedge.

Moreover, it is retesting a strong support/structure marked in green.

🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline acting as a non-horizontal support.

📚 As per my trading style:
As #NEAR approaches the lower blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich