MyCryptoParadise_Simon

NEAR/USDT upward momentum? 👀🚀NEAR Today Analysis

Long
BINANCE:NEARUSDT.P   NEAR / TetherUS PERPETUAL CONTRACT
Paradisers! Gear up for an exciting opportunity with NEARUSDT. Currently, it's stationed in a demand zone and is on the verge of breaking out of a descending channel👀

💎 A few days back, we noticed that NEAR faced rejection three times at the 1.630$ level, which is a supply zone containing a bearish order block. Another key observation is the formation of a descending channel that's poised for an upward breach.

💎 At the moment, the price is consolidating within a narrow range. We're anticipating a breakout from this descending channel, which could propel NEARProtocol upwards. However, keep an eye on the invalidation zone at the 1.08$ level; a breach here could trigger a downward move

💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey


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