Yello, Paradisers! Are you ready to see if #NEARUSDT can bounce back or if it will continue to plunge? Let's dive into the latest analysis and what you need to watch out for.
đź’Ž#NEAR has shown a rebound from the support zone, suggesting a potential reversal back to an upward movement if it successfully breaks out above the resistance area at 5.860. If this scenario plays out, we could see a significant rise towards our target at the strong resistance area.
đź’ŽHowever, if NEAR fails to break through the resistance, we might see a rejection and a return to the support zone between 4.6 and 4.3. Should NEAR break this support zone, it could signal a further decline towards the next target area at the Bullish Order Block (OB) around 3.6.
đź’ŽA reversal is probable when hitting the OB due to large orders there, but confirmation is needed. If NEAR successfully reclaims the support zone above 4.6, there's still a chance to follow our plan.
đź’ŽHowever, if NEAR also breaks the OB area, this is a bearish sign, invalidating the bullish scenario. The highest probability then would be a deeper dip.
Treat the market as a businessman, not as a gambler. Stay focused, patient, and disciplined, Paradisers.
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