$NEAR
📈 What is Happening on the Chart
The main bullish signal here is the clean breakout above the descending yellow trendline. The price spent a long time trapped under this resistance, and breaking out of it indicates a strong shift in momentum. On top of that, buyers have successfully reclaimed the key horizontal support level at $2.520 (the green line) and are holding above the moving averages (the blue lines), which are now pushing the price higher.
🎯 Breakdown of Your Targets
Current Resistance ($2.861): The price is currently pushing directly into the red line on your chart. Your first short-term targets of $2.83 and $2.94 sit right around this liquidity pocket. Closing a 4H candle above $2.861 will clear the path for the next leg up.
Mid-Term Targets ($3.12 – $3.22): These are excellent areas to target as the impulse continues. The $3.20 zone has historically been a strong structural pivot, making it a very smart place to secure some profits.
Swing Trade Target ($3.60): This is a completely realistic goal for a longer-term macro move. Once $3.22 is flipped into support, there is relatively clean air above it, allowing the price to quickly rally toward your main Take Profit (TP).
⚠️ Risk Management Tip: As long as the price stays above the green support line at $2.520, this bullish setup remains fully intact. Once your short-term targets are hit, it would be wise to move your stop-loss to break-even or trail it just below the blue moving averages to lock in a risk-free trade.
Great catch on that trendline breakout! Let's see it hit those targets.