Technical analysis by Neldjouw about Symbol NEAR: Buy recommendation (11/23/2024)

Hey there!Today we have NEAR/USDT in the radar. Current price at: $6.15This pair came out of an initial deep bearish zone initiated on January 2022 and ending it's level 1 bearish season on February 2024, specifically the 24th. From this date on, price has been accumulating for 4 months straights until finally broke successfully it's $5 support on Nov 15th 2024 (Yes, a week ago). This type of tokens tend to move slower, but once we break a life-time resistance ($6), growth is inevitable.The last time NEAR approached to the all time vital support ($6) it grew up a 40% in 4 days. Impressive huh? Even tough this pair wasn't ready to increase the price at that time it shows resilience, a very strong community and utility of this project in the crypto world.We've also been seeing a lot of volume increase in the past week of more than 80%. This only means and happens when a possible break-out is about to happen.This is my idea. Remember trading is risky and DYOR.----------------------------------------------------------------------We are going LONG in NEAR/USDT.LEVERAGE x4 - x8.OR SPOT.Entry price: $5.8 - $6.1TIGHT STOP-LOSS: $5.3TARGETS:TG1 --------> $8.44 ( IT COULD BE $10.1 DEPENDING ON THE VOLUME OF THE BREAKOUT)TG2 --------> $12.62TG3 --------> $19.31Thank you for reading! :)