NEAR/USDT inside uptrend channel

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We have entered a channel as seen between blue lines. I expect the price will breath till 2.31 , as current levels and after touching lower band, i expect price action between 2.55 - 2.65. If delay occurs in the action , upper band only rises. also there is a huge resistance waiting for the trend between 2.7 and 2.9.

This band played role in june 2021 - June 2022 (as support) and Feb 2023 (as resistance).

Let's see.

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ملاحظة

Got very close to the lower uptrend line

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ملاحظة

RSI (14) 15m , is over 50%. indeed hell of a pull back. moves like no momentum left since yesterdays move. This usually happens when an asset moves up with hype , and so much overbought RSI spike. When i checked yesterday RSO was like 95. Shooting up like there is no tomorrow. Unfortunately there are more traders than the investors. So usually coins can't keep up their momentum

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ملاحظة

Started its upwards action

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تم فتح الصفقة

Didn't close position, but trend is broken. Watching carefully.might turn into a downtrend

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ملاحظة

trend broken. Still holding it. Will create another idea regarding the new trend.