【$NEAR Signal】Pullback to buy! 1H retracing EMA20 support, 4H uptrend remains intact

$NEAR The 1H timeframe is currently retracing EMA20 (1.1337) at a key support level, with the price stabilizing around 1.135. The 4H timeframe just completed a strong upward surge, currently in a healthy correction phase, with EMA50 (1.0788) providing strong trend support. Open interest remains stable, and the bid-ask depth (bid_ask_ratio_depth: 1.34) is significantly better than the sell side, indicating strong support below. This is a typical buying opportunity during a strong coin’s correction.

🎯Direction: Long (Long)

🎯Entry/Order: 1.133 - 1.136 (Reason: 1H EMA20 support zone, concentrated buy orders on the order book )

🛑Stop loss: 1.125 (Reason: Break below the 1H previous low and the lower boundary of the dense trading zone, ATR-based stop approximately twice the ATR )

🚀Target 1: 1.165 (Reason: 1H resistance level from previous high )

🚀Target 2: 1.185 (Reason: 4H previous high and 1.618 Fibonacci extension level )

🛡️Trade management:

- Position size suggestion: Standard position (Reason: Clear 4H trend, well-defined 1H support, risk-reward ratio >1.5 )

- Execution strategy: After the price reaches Target 1 at 1.165, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 1.133. If the price strongly breaks through 1.165, hold the remaining position to target 1.185.

Depth logic: After three consecutive bullish candles on the 4H K-line with decreasing volume, it’s a typical bullish accumulation correction. The 1H RSI (56.01) is in a healthy zone, not overbought. The order book depth imbalance reaches 14.57%, with concentrated buy strength, indicating clear support from major players. Coupled with a funding rate of only 0.01%, there’s no overheating risk. The correction is a good entry point.

View real-time market 👇 $NEAR

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