NEAR | Waiting to Breakout | 4h

NEAR / TetherUS BINANCE:NEARUSDT

Kendrick_Crypto

BINANCE:NEARUSDT

1d chart is strong with a retracement of only 0.382
The 4th wave is confirming to complete and goes for the 5th wave
Now trading within a large rectangle
Lower bound is the volume profile POC at 14.8, which has support 4 times
Upper bound is a resistance of 17.7 that tested 5 times, waiting to break
4h chart shows a W shape followed by a pivot just below the resistance
A high reward to risk entrance opportunity
NEAR going to announce its USN stable coin arrangement later today

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