 NEAR Long Spot Trade (Double Bottom & 200 EMA Retest)
2024-11-12

Market Context: NEAR is showing a bullish double bottom pattern at a key support level. With the Stochastic RSI indicating a peak, a slight retracement is expected before testing the 200 EMA, setting up a potential move to the upside.

Trade Setup:

Entry: Enter a trade between $4.50 and $5.00
Take Profit Targets:
First target: $6.23
Second target: $7.35
Third target: $8.20
Stop Loss: Daily close below $4.00

This setup leverages the double bottom formation and tests of the 200 EMA as confirmation for a continuation of the upward trend. #NEAR