$NEAR is around $4.3–$4.4 after a very strong move from the $2.3 area.
I'm not looking to chase here. I'm watching the structure.
Key zone: $4.15–$4.30
This is the first area I'd want buyers to defend on a pullback.
Why?
NEAR has been making higher highs and higher lows, but short-term momentum has cooled. The 20/50-day averages are currently above price, while the 100-day average is around $4.14, making the $4.1–$4.2 area particularly interesting.
How I'd approach it:
If NEAR pulls into $4.15–$4.30 and sellers fail to push it lower, I'd watch for a bullish reaction there.
That would be my potential entry area.
If price instead loses $4.15 decisively, I'd watch $3.90–$4.05 next.
On the upside, $4.50–$4.60 is the first area I'd watch for resistance, followed by the recent ~$4.80 high.
The important thing isn't whether $4.15 holds because we say it will.
I want to see price prove that buyers are actually defending the zone.
That's the setup I'm watching.
$NEAR
I'm not looking to chase here. I'm watching the structure.
Key zone: $4.15–$4.30
This is the first area I'd want buyers to defend on a pullback.
Why?
NEAR has been making higher highs and higher lows, but short-term momentum has cooled. The 20/50-day averages are currently above price, while the 100-day average is around $4.14, making the $4.1–$4.2 area particularly interesting.
How I'd approach it:
If NEAR pulls into $4.15–$4.30 and sellers fail to push it lower, I'd watch for a bullish reaction there.
That would be my potential entry area.
If price instead loses $4.15 decisively, I'd watch $3.90–$4.05 next.
On the upside, $4.50–$4.60 is the first area I'd watch for resistance, followed by the recent ~$4.80 high.
The important thing isn't whether $4.15 holds because we say it will.
I want to see price prove that buyers are actually defending the zone.
That's the setup I'm watching.
$NEAR