strong buy
NEARUSDT Long Entry at $2.215 with Target Zones
Entering a long position on #NEARUSDT at $2.215, with a stop loss set at $2.107. The 30-minute chart shows that the price has reached an important demand zone formed after a previous bullish impulse. This zone's formation, combined with a false breakout of the 'Strong Low' and subsequent change of character (ChоCH), indicates a revival of buyer activity.
A potential trend reversal is forming, confirmed by the breakout above the descending channel. The presence of Fair Value Gap (FVG) and Order Block (OB) above the anticipated entry zone serve as magnets for the price.
High volume consolidation support increases the likelihood of a bounce, aiding the price's recovery toward the supply zone.
Target profits are set as follows:
- TP1: $2.323 — nearest 30-minute Order Block
- TP2: $2.426 — FVG zone and impulsive level
- TP3: $2.719 — key supply zone and strong 30-minute Order Block
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AI Analysis
The analysis indicates that the price of NEARUSDT is approaching a significant demand zone on the 30-minute chart, suggesting strong buying interest at this level. The formation of this demand zone af...
AI Recommendation
Given the analysis, taking a long position at $2.215 appears to be a favorable risk-to-reward setup. The stop-loss at $2.107 ensures protection against adverse movements, while the defined profit zone...
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