Technical analysis by HodlAhmad about Symbol NEAR: Buy recommendation (6/16/2025)

🧠 NEAR/USDT – Potential Wave C Setup (Elliott Wave + Fib Confluence)📆 Timeframe: 1D | Exchange: BINANCE🚀 Setup Overview:We are likely entering a bullish Wave C based on the completion of an ABC corrective structure within a larger Elliott Wave pattern. The current price action has pulled back into a key "Area of Interest", aligning with multiple Fibonacci retracement levels, offering an attractive entry opportunity.🎯 Entry Zone (Buy):Between $2.30 – $2.35This aligns with the 61.8% Fib retracement, a historically strong reversal level.Also within the highlighted Area of Interest, marked by high volume and previous consolidation.📉 Stop Loss (SL):Set below the 78.6% retracement level: $2.07A break below this level invalidates the ABC bullish setup.📈 Target Zones for Wave C:TP1: $3.70 (1.0 Fib Extension – Wave A equal to C)TP2: $4.66 (1.618 Fib Extension – typical Wave C projection)TP3 (Moonshot): $6.20 – $7.75 (2.618–3.618 extension for aggressive continuation)