NEAR · 1H · UPTREND

The prior long from my last read triggered at 5.19 and hit Target 1 at 5.48 — that move is done and I'm treating it as a completed trade. Price has since continued to push, reaching 5.54 on this chart window before pulling back, and now sits at 5.264 with all four MAs stacked bullishly beneath it — EMA 9 at 5.2559, EMA 20 at 5.2107, EMA 50 at 5.0898, EMA 200 at 4.9999 — the full alignment of a healthy uptrend. What I'm watching here is whether this current pullback into the EMA 9/20 cluster is a time correction or a price correction: the last few candles on the right edge show price holding in a tight band near the highs rather than rolling over with lower highs, which reads more like time correction — the MAs rising into price rather than price falling to them. That said, Target 2 at 5.65 was never reached on my prior read, and with the daily trend still firmly up and the nearest dense liquidation cluster sitting at 5.52, the structure for a continuation long is there — but I need a clean pullback entry with room to the stop, not a chase from the middle of a candle stack.

The invalidation at 4.75 from the prior read was reached on touch — that means the prior setup officially failed at the stop level even though the trigger had fired and Target 1 was hit. Price recovered hard from that low (4.59 was the actual low seen in the data), which is a significant wick through the 4.76 cluster, and that recovery is what built the current upleg. The structure is intact as a fresh long thesis — the sweep of 4.75 and the V-recovery through all MAs is the base for this move, not the prior entry.

My entry logic: I'm not chasing at 5.26 with the stop needing to sit below 5.09 (dense cluster below). That gives me roughly 0.17 of risk to the cluster and 0.26 to Target 1 at 5.52 — thin but workable at the minimum. The cleaner entry is a pullback toward the rising EMA 20, currently around 5.21, where the cluster at 5.09 provides structural support just below. If price holds that zone and closes back above 5.27, that's my trigger.