NEAR is battling a bearish breakout from the recent swing high, eyeing the 1.70 zone as sellers take control. The price is now testing the 1.68 level, a key order block from the prior downtrend.
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🔴 $NEAR SHORT 📉
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📍 Entry Range: $3.5974 – $3.6046
🛑 Stop Loss: $3.7090 (-3.0%)
🎯 TP1: $3.5470 (+1.5%)
🏆 TP2: $3.4209 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 64%
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A clear CHoCH on the 4‑hour chart opened the short, reinforced by a rising CVD and a fresh FVG that aligns with the OB at 1.70. The confluence of the order block and fair value gap creates a high‑probability POI, pushing the market into a lower structure.
A 3.0% stop is relatively tight for a 1:1.7 reward, so a modest 5‑10x leverage keeps risk manageable.
Take partial profit around the first target near 1.64 to lock in gains before the next swing.
As always: manage your risk, this is not financial advice 🙏
$NEAR #NEARUSDT #THORChain #TradingSignals #Write2Earn
━━━━━━━━━━━━━━━━━━━━━
🔴 $NEAR SHORT 📉
━━━━━━━━━━━━━━━━━━━━━
📍 Entry Range: $3.5974 – $3.6046
🛑 Stop Loss: $3.7090 (-3.0%)
🎯 TP1: $3.5470 (+1.5%)
🏆 TP2: $3.4209 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 64%
━━━━━━━━━━━━━━━━━━━━━
A clear CHoCH on the 4‑hour chart opened the short, reinforced by a rising CVD and a fresh FVG that aligns with the OB at 1.70. The confluence of the order block and fair value gap creates a high‑probability POI, pushing the market into a lower structure.
A 3.0% stop is relatively tight for a 1:1.7 reward, so a modest 5‑10x leverage keeps risk manageable.
Take partial profit around the first target near 1.64 to lock in gains before the next swing.
As always: manage your risk, this is not financial advice 🙏
$NEAR #NEARUSDT #THORChain #TradingSignals #Write2Earn