Technical analysis by ULYSSESTRADER about Symbol NEAR: Buy recommendation (8/17/2025)

1. Chart Context Pair: NEAR/USDT Perpetual (Bybit) Timeframe: 1H Indicators: Multiple Moving Averages (different colors), horizontal support/resistance levels, daily/weekly/monthly opens. Setup: A long (buy) position with risk-to-reward defined. 2. Key Levels Marked Monday High: Around 2.787 – resistance from earlier in the week. Weekly Open: ~2.749 Daily Open: ~2.744 Monday Low: ~2.620 – support zone. Monthly Open: ~2.559 – deeper support. These opens and highs/lows are used as liquidity and directional bias levels. 3. Trade Setup Entry: Near 2.721 (current market price at time of setup). Stop Loss: Below Monday Low (~2.620) → protects against downside break. Take Profit: Around 3.044 → aiming for previous high / liquidity above resistance. 4. Risk-Reward Ratio Risk (stop): ~0.10 (2.721 → 2.620) Reward (target): ~0.32 (2.721 → 3.044) Risk:Reward ≈ 1:3 (strong setup in terms of R:R). 5. Strategy Behind It Price is consolidating near Daily/Weekly Open → neutral zone. Long bias likely comes from expectation that liquidity above Monday High will be taken before a reversal. Moving averages are flattening → showing consolidation, so the trader is betting on upside breakout. Stop below Monday Low avoids getting caught in a fakeout. ✅ Summary: This setup is a long trade from 2.721, targeting 3.044 with a stop at 2.620. It’s based on liquidity levels (opens, highs, lows) and offers a clean 1:3 risk-reward ratio. The trader expects NEAR to push above Monday High before testing lower levels.