$NEAR has recently exhibited an interesting technical pattern. Starting from the double bottom support at 1.42, the price successfully broke through the key resistance at 1.82, with a noticeable increase in buying interest. This type of breakout after double confirmation from the bottom usually indicates that upward momentum is being accumulated. From a technical perspective, as long as the price stays above 1.82, the next target to watch is 2.10. This is not only a resistance point above but also a potential short-term profit-taking zone. Of course, the market is never smooth sailing any small retracement in between is normal consolidation, and the key is whether the main support can hold. For traders looking to participate in this wave, the current level is indeed worth paying attention to. But remember one thing: no matter how good the technicals look, risk management is essential. Set reasonable stop-losses and avoid being overwhelmed by a one-sided trend.
$NEAR has recently exhibited an interesting technical pattern. Starting from the double bottom support at 1.42, the price successfully broke through the key resistance at 1.82, with a noticeable increase in buying interest. This type of breakout after double confirmation from the bottom usually indicates that upward momentum is being accumulated. From a technical perspective, as long as the price stays above 1.82, the next target to watch is 2.10. This is not only a resistance point above but also a potential short-term profit-taking zone. Of course, the market is never smooth sailing any small retracement in between is normal consolidation, and the key is whether the main support can hold. For traders looking to participate in this wave, the current level is indeed worth paying attention to. But remember one thing: no matter how good the technicals look, risk management is essential. Set reasonable stop-losses and avoid being overwhelmed by a one-sided trend.
$NEAR has recently exhibited an interesting technical pattern. Starting from the double bottom support at 1.42, the price successfully broke through the key resistance at 1.82, with a noticeable increase in buying interest. This type of breakout after double confirmation from the bottom usually indicates that upward momentum is being accumulated. From a technical perspective, as long as the price stays above 1.82, the next target to watch is 2.10. This is not only a resistance point above but also a potential short-term profit-taking zone. Of course, the market is never smooth sailing any small retracement in between is normal consolidation, and the key is whether the main support can hold. For traders looking to participate in this wave, the current level is indeed worth paying attention to. But remember one thing: no matter how good the technicals look, risk management is essential. Set reasonable stop-losses and avoid being overwhelmed by a one-sided trend.
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