NEAR just broke a key market structure level, sparking a long setup with high conviction. This zone matters because it's a confluence of previous order blocks and fair value gaps.
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🟢 $NEAR LONG 📈
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📍 Entry Range: $2.0789 – $2.0831
🛑 Stop Loss: $2.0186 (-3.0%)
🎯 TP1: $2.1122 (+1.5%)
🏆 TP2: $2.1850 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 88%
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The CHoCH signal fired as price broke out, and volume is confirming direction via CVD, which gives this trade a lot of momentum. Structurally, the overlap of OB and FVG is a major point of interest, and with POI confluence, the case for a long gets even stronger. The FVG also suggests there's a fair amount of room to run before reaching the next major resistance level.
A 3.0% stop loss seems relatively tight, so this trade will likely require lower leverage to manage risk effectively.
Taking partial profits at the first target could be a good idea to lock in some gains, especially if the price reaches the lower end of the next order block.
Not financial advice — always manage your own risk 🙏
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