strong buy
NEARUSDT Bullish Setup with Multiple Targets and Support
A long position on #NEARUSDT is recommended from $2.295 with a stop loss at $2.149. The price tested a key demand zone, forming a weak low, indicating buyer support. The formation of a Break of Structure (BOS) and Change of Character (CHoCH) suggests a shift away from a downtrend, pointing towards the potential start of an upward impulse. Additionally, a breakout above a descending wedge confirms a bullish scenario, coupled with increased volume during a pullback from the Order Block (OB) zone. Targets are set at $2.371 (FVG and local resistance), $2.577 (2H OB zone), and $3.300 (supply zone and impulse completion). Keep an eye on these levels for potential gains.
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AI Analysis
The technical setup for NEARUSDT indicates a promising bullish scenario. The price action tested a major demand zone, which is a strong indicator that buyers are stepping in to support the price. The ...
AI Recommendation
Given the overall bullish signals, it is advisable to enter a long position at the suggested entry point of $2.295, with a stop loss at $2.149 to manage downside risk. As the price approaches each tar...
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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strong buy