SELLERS HOLDING THE LINE AT $NEAR 1.62 - SHORT SETUP IN PLAY 📉⚡
SHORT Entry: 1.615–1.620 📉
Target 1: 1.605 🎯
Target 2: 1.595 🎯
Target 3: 1.579 🎯
Stop Loss: 1.631 🛑
The 1.62 level is acting as a magnet for sell-side interest. After the breakdown, price is retesting broken structure from below—a classic lower-high formation. Smart money is defending this supply area, using the bounce to offload remaining inventory.
The path of least resistance points south. If sellers hold this zone, we could see a fast rejection toward the 1.605 and 1.595 liquidity pools. The stop above 1.631 keeps the bias clean. Would you short this retest or wait for a lower-high confirmation?
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #NEAR #ShortSetup #TechnicalAnalysis #SMC
📉🔥
SHORT Entry: 1.615–1.620 📉
Target 1: 1.605 🎯
Target 2: 1.595 🎯
Target 3: 1.579 🎯
Stop Loss: 1.631 🛑
The 1.62 level is acting as a magnet for sell-side interest. After the breakdown, price is retesting broken structure from below—a classic lower-high formation. Smart money is defending this supply area, using the bounce to offload remaining inventory.
The path of least resistance points south. If sellers hold this zone, we could see a fast rejection toward the 1.605 and 1.595 liquidity pools. The stop above 1.631 keeps the bias clean. Would you short this retest or wait for a lower-high confirmation?
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #NEAR #ShortSetup #TechnicalAnalysis #SMC
📉🔥