NEAR is trading above the 200-day EMA, setting a higher low after a change of character (CHOC). The price has reclaimed the range low as support and is trading between the 200-day and 21-day EMAs. This setup indicates a potential for consolidation followed by a breakout. Trade Parameters:
Entry: Enter a trade around $5.4 to $5.8. Take Profit: First target: $6.5 Second target: $7.46 Third target: $8.4 Stop Loss: Set at a daily close below $5
📊 Monitor the 4-hour chart for a breakout to confirm the trade. Adjust the trade based on market conditions and stay vigilant for any signs of reversal or further consolidation. #NEAR #CryptoTrading #TradeSetup 🎯
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