📊 Market Setup: NEAR/USDT
After a strong upward move earlier, $NEAR entered a corrective phase and gradually moved down toward the 1.21–1.22 demand zone. This area previously acted as a support level, and once again buyers are starting to react here.
On the current timeframe, price is showing signs of stabilization with small candles forming around the support region. This suggests that selling pressure is slowing down and a potential short-term bounce could occur if the level holds.
Another important signal is the RSI, which has cooled down from the previous overbought levels and is now stabilizing near the mid-zone, indicating that the market may regain momentum.
📌 Trade Plan
🔹 Entry Zone: Around 1.22 – 1.23
🔹 Stop Loss: Below 1.17
🔹 Target Area: 1.30 – 1.33
If the support continues to hold, we could see a relief move toward the 1.30+ resistance region. However, if the price breaks below the support zone, the bullish scenario may weaken and further downside could follow.
As always, the key is risk management — keeping the stop-loss tight while aiming for a larger potential move