$NEAR – SHORT
Entry: 1.95–1.96
SL: 1.99
TP1: 1.94
TP2: 1.93
TP3: 1.91
The recent price action shows a failed breakout attempt near the 1.99 resistance level, followed by a significant increase in selling volume. Bearish momentum is building as the price struggles to reclaim higher levels, indicating potential distribution. We anticipate a retest of lower support zones as buyers show exhaustion in the current range. Traders should monitor the liquidity near the recent lows for potential acceleration of the downward trend during the next trading sessions.
Entry: 1.95–1.96
SL: 1.99
TP1: 1.94
TP2: 1.93
TP3: 1.91
The recent price action shows a failed breakout attempt near the 1.99 resistance level, followed by a significant increase in selling volume. Bearish momentum is building as the price struggles to reclaim higher levels, indicating potential distribution. We anticipate a retest of lower support zones as buyers show exhaustion in the current range. Traders should monitor the liquidity near the recent lows for potential acceleration of the downward trend during the next trading sessions.