*$NEAR SHORT SIGNAL*
NEAR is struggling below the key 1H moving averages and is consolidating near $4.68.
The 1H structure remains bearish:
* Price below MA7 + MA25
* MA99 sitting far above at ~$4.98
* Volume continues to fade
This is the level I’m watching:
* Short entry: $4.70-$4.75 rejection
* Invalidation: 1H close above $4.80
* TP1: $4.59
* TP2: $4.45
* TP3: $4.30
If $4.80 flips into support with strong volume, I would cancel the short idea.
The opposing news is serious: NEAR Intents was hit by an exploit of about $3.8M on October 1, forcing a temporary service halt. The team says the vulnerability was patched and users will be fully compensated.
$4.75 is the battle zone.
Reject it = $4.59 comes into play.
Reclaim it = setup changes.
$NEAR #BitcoinParesGainsAfterRallyTo$86.5K #CerebrasSinksNearly20%OnReportNvidiaToPowerOpenAI #USRussiaUkraineTalksReportedlyIncludeLukoilOilDeal
NEAR is struggling below the key 1H moving averages and is consolidating near $4.68.
The 1H structure remains bearish:
* Price below MA7 + MA25
* MA99 sitting far above at ~$4.98
* Volume continues to fade
This is the level I’m watching:
* Short entry: $4.70-$4.75 rejection
* Invalidation: 1H close above $4.80
* TP1: $4.59
* TP2: $4.45
* TP3: $4.30
If $4.80 flips into support with strong volume, I would cancel the short idea.
The opposing news is serious: NEAR Intents was hit by an exploit of about $3.8M on October 1, forcing a temporary service halt. The team says the vulnerability was patched and users will be fully compensated.
$4.75 is the battle zone.
Reject it = $4.59 comes into play.
Reclaim it = setup changes.
$NEAR #BitcoinParesGainsAfterRallyTo$86.5K #CerebrasSinksNearly20%OnReportNvidiaToPowerOpenAI #USRussiaUkraineTalksReportedlyIncludeLukoilOilDeal
