Today, we bring to your attention the analysis and possible medium-term trade of the pair Nearusdt
In recent times, a lot of news has been circulating around the Near protocol, some of them official, and some at the level of rumors or conjectures. But we here are not for this, we are translating into text what we see on the chart.
NEAR cryptocurrency is a notable strong buyer
On the chart, we see increased trade turnover, which means the interest and struggle of buyers and sellers at key levels. In general, today, Near is in the top 10 in terms of trade volume around the all crypt, a worthy result to offer a medium-term trade.
We set up a procurement area of $14.10-14.80 for ourselves. Tonight the minimum was $14.70. At the moment – there is still the possibility of falling the price in the desired area of purchase.
Fixing the price NEARUSD above $16.30 will mean that the price movement has begun.
How to manage a potential investment in NEAR cryptocurrency
As can be seen from the history of trading in the area of $13 traded mirror level, which at one time skillfully alternately played the role of support and resistance .
Therefore, it is logical to place the stop below $13.
In this trade, we see three logical take profits, and each individual will be able to choose a comfortable trade for themselves.
In summary, we obtain the following initial data for the trade:
The entrance area to the long – $14.10-14.80
Stop – $12.99
TP1 – $20.60
TP2 – $28.60
TP3 – $41.40-42.00