NEAR long trade idea

Wait 5 sec.

NEAR long trade ideaNEAR / USDTMEXC:NEARUSDTMrctradinglabThis long idea aligns with the current price action on the Total Market Cap, where I expect further upside in the short term. On the lower time frame, we have a market structure break (MSB) followed by a clean 50% retracement, providing a favorable intraday entry. The only notable risk in this setup is that the weekend range has not been fully taken yet. Ideally, I would have preferred to see liquidity sweep that range first before reclaiming the Monday range. However, the risk-to-reward profile on this setup is strong enough to justify taking the trade based on the current structure. This idea is purely based on price action: MSB, retracement into demand, and confluence with broader market momentum. MrC