$NEAR is retesting a key supply zone as the latest recovery starts to lose momentum. Sellers are beginning to show strength around resistance, making this an area to watch closely for a potential rejection.
Trading Plan: Short $NEAR
Entry: 1.55–1.70
SL: 1.75
TP1: 1.50
TP2: 1.45
TP3: 1.40
The recent rebound has pushed price back into a resistance area where sellers may begin absorbing demand. Buyers are struggling to extend the recovery and maintain the current structure, while downside liquidity remains exposed below the recent lows.
If supply continues to hold and price fails to reclaim higher levels, $NEAR could rotate lower toward the next liquidity pockets. Manage risk carefully and avoid overleveraging.
DYOR.
Trading Plan: Short $NEAR
Entry: 1.55–1.70
SL: 1.75
TP1: 1.50
TP2: 1.45
TP3: 1.40
The recent rebound has pushed price back into a resistance area where sellers may begin absorbing demand. Buyers are struggling to extend the recovery and maintain the current structure, while downside liquidity remains exposed below the recent lows.
If supply continues to hold and price fails to reclaim higher levels, $NEAR could rotate lower toward the next liquidity pockets. Manage risk carefully and avoid overleveraging.
DYOR.