📌 Fundamental Sentiment:
The entire crypto market is rallying, alongside other risk assets. This is mainly driven by U.S. policy expectations — Trump is pressuring Powell to resign and aggressively pushing for rate cuts from the Federal Reserve.
📌 Technical Analysis:
NEAR has recently broken and closed above a significant HTF support/resistance level.
Additionally, we’re now trading inside the 0.75 Fibonacci retracement level of the HTF bullish trend — which I define as the maximum discounted zone.
For this setup, I’ll apply my Deep Range Theory (DRT):
If price dips below the 0.75 zone and accumulates there,
Then breaks above 0.75 after a period of consolidation,
→ It signals that price aims for the 0.5 level of the range and will likely run HTF liquidity for either reversal or re-accumulation before continuation.
📌 Gameplan:
✅ Break and close above HTF S/R
⏳ Waiting for break and daily close above 0.75
🔄 Retest to LTF demand (4H–1H)
📈 A bounce on LTF demand will trigger the long setup
📌 Trade Management:
This is a mid-term swing trade, as I’m following the HTF bullish trend.
🎯 Target: $5 — which is approximately a +70% move from current price.
❗Risk Management:
If price makes a daily close back below 0.75 after breaking and closing above, I will exit the trade to preserve capital.
I’ll also monitor macro sentiment closely. If there's a sharp bearish shift, I may consider an early exit before reaching the HTF target.
—
🔔 Follow the channel for daily trade ideas & weekly macro recaps.
💬 Drop a comment below if you have any questions or insights!
The entire crypto market is rallying, alongside other risk assets. This is mainly driven by U.S. policy expectations — Trump is pressuring Powell to resign and aggressively pushing for rate cuts from the Federal Reserve.
📌 Technical Analysis:
NEAR has recently broken and closed above a significant HTF support/resistance level.
Additionally, we’re now trading inside the 0.75 Fibonacci retracement level of the HTF bullish trend — which I define as the maximum discounted zone.
For this setup, I’ll apply my Deep Range Theory (DRT):
If price dips below the 0.75 zone and accumulates there,
Then breaks above 0.75 after a period of consolidation,
→ It signals that price aims for the 0.5 level of the range and will likely run HTF liquidity for either reversal or re-accumulation before continuation.
📌 Gameplan:
✅ Break and close above HTF S/R
⏳ Waiting for break and daily close above 0.75
🔄 Retest to LTF demand (4H–1H)
📈 A bounce on LTF demand will trigger the long setup
📌 Trade Management:
This is a mid-term swing trade, as I’m following the HTF bullish trend.
🎯 Target: $5 — which is approximately a +70% move from current price.
❗Risk Management:
If price makes a daily close back below 0.75 after breaking and closing above, I will exit the trade to preserve capital.
I’ll also monitor macro sentiment closely. If there's a sharp bearish shift, I may consider an early exit before reaching the HTF target.
—
🔔 Follow the channel for daily trade ideas & weekly macro recaps.
💬 Drop a comment below if you have any questions or insights!
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.