$NEAR NEXT BIG TEST IS $6
After a sharp rally, $NEAR is pulling back toward the $4.50–$4.90 support zone on the weekly chart.
Reclaiming $6 would strengthen the recovery setup, with $8.81 marking the next major resistance.
A confirmed breakout and retest there would bring the $9.80–$10 zone into focus, followed by Fibonacci extensions near $10.91 and $13.57.
My drawn bullish path stretches toward $15.80, roughly +221% from the chart price of $4.928.
That scenario needs support to hold and resistance to turn into support. Losing $4.50 would weaken the setup.
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#SouthKoreaPlansTighterCybersecurityRules
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After a sharp rally, $NEAR is pulling back toward the $4.50–$4.90 support zone on the weekly chart.
Reclaiming $6 would strengthen the recovery setup, with $8.81 marking the next major resistance.
A confirmed breakout and retest there would bring the $9.80–$10 zone into focus, followed by Fibonacci extensions near $10.91 and $13.57.
My drawn bullish path stretches toward $15.80, roughly +221% from the chart price of $4.928.
That scenario needs support to hold and resistance to turn into support. Losing $4.50 would weaken the setup.
#CPIWatch
#SouthKoreaPlansTighterCybersecurityRules
#TradersBetOnThreeMoreFedHikes