Evening Traders,
Today’s analysis – NEAR- Trading towards a technical trade location where a bounce is probable,
Points to consider,
- Price Action Corrective
- Local S/R Support
(.618 Fibonacci Confluence)
- Daily S/R Objective
- Low Volume
NEARUSDT’s immediate price action is corrective, trading towards a technical trade location that is in confluence with a Local S/R and the .618 Fibonacci, allowing for a bullish bias.
The current volume profile is below average, an influx is highly imminent when expanding from a the trade location.
The current objective is the Daily S/R Resistance, exceeding this level will lead to a trend continuation.
Overall, in my opinion, NEARUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
Today’s analysis – NEAR- Trading towards a technical trade location where a bounce is probable,
Points to consider,
- Price Action Corrective
- Local S/R Support
(.618 Fibonacci Confluence)
- Daily S/R Objective
- Low Volume
NEARUSDT’s immediate price action is corrective, trading towards a technical trade location that is in confluence with a Local S/R and the .618 Fibonacci, allowing for a bullish bias.
The current volume profile is below average, an influx is highly imminent when expanding from a the trade location.
The current objective is the Daily S/R Resistance, exceeding this level will lead to a trend continuation.
Overall, in my opinion, NEARUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
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Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
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Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.