NEAR Protocol Presents Golden Buying Opportunities

In trading, a key principle holds: the higher the price rises, the greater the risk of entering buy positions. To enhance the probability of success, it’s often wiser to wait for price corrections instead of buying at market peaks.

This approach is particularly relevant in today’s crypto market, prompting the question: Is now the right time to enter, or should traders brace for another bearish wave?

To explore this principle, let’s analyze the NEAR Protocol cryptocurrency as an example. Cryptocurrencies often exhibit strong correlation, so this analysis can extend to other assets displaying similar patterns.

4-hour time frame analysis

NEARUSD - 4 Hour Time Frame

NEAR's price has maintained robust bullish structures over time, highlighted by the horizontal blue lines on the chart. These structures provide a strong basis for considering buy positions.

However, buying at peaks is not a sustainable strategy. Instead, traders should wait for a pullback—a retracement to lower price levels—to identify a more favorable entry point.

The retracement should ideally dip below the Fibonacci 0.5 level (marked in orange), representing the Discount zone. This zone offers value to buyers and often serves as a stabilization point for price corrections before the upward trend resumes.

NEAR Protocol target price

For buy positions, the ultimate confirmation occurs when the price closes above a key resistance zone, marked as the upper zone on the chart. This closure indicates renewed bullish momentum, providing the green light for traders to enter the market.

Conversely, the lower marked zone signifies the last support level capable of halting a price decline before an upward reversal. If the price closes below this support, the probability of a deeper correction increases.

In such a scenario, the external Discount zone (marked in blue) becomes the next target, offering a potentially stronger entry point at lower levels.

Navigating NEAR's price movements requires discipline and patience. By waiting for retracements to key levels and relying on confirmed breakouts, traders can identify optimal entry points while mitigating risks.

Whether a short-term correction or a deeper decline is on the horizon, careful analysis of support, resistance, and Discount zones will be critical for informed decision-making.