#NEAR Weekly timeframe movement scenario
At time W1, after exiting the tram and breaking the bearish structure with a powerful spike candle, this corrective form can be a pullback to the broken structure. Therefore, after breaking the 3.13 range, it will first move towards $5, and then in the daily time, the first red box supply area and in the W1 time, the second red box area will be the next supply area.
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Temporarily, it is better to cancel the trade. The structure has been modified...
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After canceling the position, there was a correction that we canceled on time, although it did not stop. But by forming a corner pattern and escaping from it, it will have the ability to reach the target.
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First touch target...
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FULL TP...
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Target was the first to be touched and has experienced more than 160% growth so far.
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So far, more than 213% growth from the green box area and the red touch bar or the second profit limit.
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According to the movement path, now after the correction and pullback to the broken structure with the upper stabilization of the next target area, it can touch the specified supply area.
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It can have targets of 9.37 and then 10 and 10.94, considering that it has broken the box range with the support of the range of 7.031 to 7.81.