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NEAR/USDT (Futures) Potential Upward Movement

NEAR/USDT (Futures) Long-Term Trend: Bullish

Key Resistance Levels: 19.9399, 20.0000, 20.5000.

Key Support Levels: 17.5155, 16.0524, 13.1343.

Daily Time Frame:

The price on the higher time frame succeeded to break the strong resistance level after a long consolidation phase. The market breakout to the upside with the help of a big bodied bullish candlestick. Then we say an inside bar which shows that the market is still controlled by buyers.

NEAR/USDT (Futures) Medium-Term Trend: Bullish

1-Hr Time Frame:

On the lower time frame, the price succeeded to break bullish flag formation to the upside after finding buyers near the highlighted zone. A series of higher highs and lows has been posting showing that we are in a new bullish trend.

Buy Market Order @ 17.9637

TP 1 @ 19.9399

TP 2 @ 20.0000

Stop Loss @ 17.1455

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

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