strong buy

NEARUSDT Bullish Rebound Targets $2.676

Long position on NEARUSDT is recommended from $2.154, with a stop loss set at $2.061. The price rebounded from a key support zone formed at the base of the previous impulse. It tested this zone twice, but the second test was a false breakout. The downward channel was broken upwards, followed by a retracement and a retest of its boundary. On the 1-hour chart, there is a bullish engulfing area (OB) and a liquidity zone where volumes stabilized and sellers are absent. This increases the likelihood of a bullish impulse starting, supported by a restored structure and a gap (FVG) higher up in the price movement. Profit targets are as follows: - TP1: $2.198 — a local resistance and a test of the OB zone - TP2: $2.334 — the FVG zone and consolidation - TP3: $2.676 — the upper boundary of the 1-hour FVG and range highs.
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AI Analysis

The current technical analysis of NEARUSDT on the 1-hour timeframe indicates a promising bullish outlook. The price has rebounded from a critical support area formed at the base of the previous moveme...

AI Recommendation

Based on the current technical analysis, opening a long position on NEARUSDT around $2.154 is advisable, given the strong support and signs of a bullish impulse. The recommended stop loss at $2.061 pr...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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