NEAR/USDT just completed a clean Break of Structure (BOS) from a long-running descending channel — a move that could shift momentum and open up upside toward previous highs.
📊 Technical Highlights:
🔹 Double Rejection at Support: Price found strong demand at ~$1.80–$1.90, bouncing twice from the same level.
🔹 Breakout from Descending Channel: The downtrend has officially snapped — bulls are stepping in.
🔹 BOS Confirmed: Structure is shifting bullish after months of lower highs.
🔹 Primary Target: $2.72 — previous mid-range consolidation
🔹 Secondary Target: $3.33 — full measured move back toward prior highs
🔹 Stoch RSI: Currently maxed out — short-term pullback could offer re-entry
📊 Technical Highlights:
🔹 Double Rejection at Support: Price found strong demand at ~$1.80–$1.90, bouncing twice from the same level.
🔹 Breakout from Descending Channel: The downtrend has officially snapped — bulls are stepping in.
🔹 BOS Confirmed: Structure is shifting bullish after months of lower highs.
🔹 Primary Target: $2.72 — previous mid-range consolidation
🔹 Secondary Target: $3.33 — full measured move back toward prior highs
🔹 Stoch RSI: Currently maxed out — short-term pullback could offer re-entry
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Try our strategy optimizer at quanttradingpro.com
Developing free strategies weekly stay tuned...
Join our discord discord.gg/2systG9frc
We provide education & tools.
Developing free strategies weekly stay tuned...
Join our discord discord.gg/2systG9frc
We provide education & tools.
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.