"Hey TradingView Fam! 👋 Let's break down the NEAR Protocol (NEAR/USDT) 1-Hour chart. Price is currently displaying a strong bullish structure, consolidating above our 'Bullish Bias' line after recent 'BOS' confirmations.
Current Market Insight:
Price is holding firmly above the 'Bullish Bias' line (~$2.9789), indicating an active uptrend.
We're seeing consolidation above a key demand Order Block (OB) (~$2.91 - $2.93).
Key Structural Zones & Liquidity to Watch:
Upper Supply (Red OB) 🔴: The primary resistance and potential supply zone resides around $3.00 - $3.04, guarding the 'Day High' (~$2.99).
Immediate Demand (Blue OB) 🔵: The current consolidation is occurring above the OB at ~$2.91 - $2.93, which is acting as immediate support.
Deeper Demand / POI (Light Blue) ✨:
'Bull Golden Zone' (~$2.84 - $2.86): A high-probability demand zone for potential deeper pullbacks.
'POI' (~$2.67 - $2.72): A critical Point of Interest for substantial demand, sitting above the 'SSL' (~$2.60).
Potential Scenarios (Follow the Arrows! 🔮):
Bullish Continuation 🚀: A decisive break above the 'Day High' and 'EQH' could lead to a push towards the Upper OB ($3.00 - $3.04).
Healthy Pullback ⬇️: A pullback to the Lower OB (~$2.91 - $2.93) or the 'Bull Golden Zone' (~$2.84 - $2.86) could offer optimal long entries for trend continuation.
Deeper Retracement 📉: If those demand zones fail, a deeper retracement towards the 'POI' (~$2.67 - $2.72), potentially sweeping 'SSL' (~$2.60), would present a significant buying opportunity.
Always remember to manage your risk effectively and confirm setups with your own analysis. Trade safely! 🛡️📊
Current Market Insight:
Price is holding firmly above the 'Bullish Bias' line (~$2.9789), indicating an active uptrend.
We're seeing consolidation above a key demand Order Block (OB) (~$2.91 - $2.93).
Key Structural Zones & Liquidity to Watch:
Upper Supply (Red OB) 🔴: The primary resistance and potential supply zone resides around $3.00 - $3.04, guarding the 'Day High' (~$2.99).
Immediate Demand (Blue OB) 🔵: The current consolidation is occurring above the OB at ~$2.91 - $2.93, which is acting as immediate support.
Deeper Demand / POI (Light Blue) ✨:
'Bull Golden Zone' (~$2.84 - $2.86): A high-probability demand zone for potential deeper pullbacks.
'POI' (~$2.67 - $2.72): A critical Point of Interest for substantial demand, sitting above the 'SSL' (~$2.60).
Potential Scenarios (Follow the Arrows! 🔮):
Bullish Continuation 🚀: A decisive break above the 'Day High' and 'EQH' could lead to a push towards the Upper OB ($3.00 - $3.04).
Healthy Pullback ⬇️: A pullback to the Lower OB (~$2.91 - $2.93) or the 'Bull Golden Zone' (~$2.84 - $2.86) could offer optimal long entries for trend continuation.
Deeper Retracement 📉: If those demand zones fail, a deeper retracement towards the 'POI' (~$2.67 - $2.72), potentially sweeping 'SSL' (~$2.60), would present a significant buying opportunity.
Always remember to manage your risk effectively and confirm setups with your own analysis. Trade safely! 🛡️📊
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.