Two days ago I posted a short on NEAR. It needed a 4H close under 4.55. That never came and this morning I cancelled it.
What is left is a box. Top at 5.50 to 5.58, hit three times. Floor at 4.55 to 4.60, also three times, one of them right after the Intents hack. Bad headline and the floor still held.
Since then the lows step up, and the new spot ETF took in about 35 million on day one. So I flip. But not here, 5.00 is the middle of the box.
I want it at 4.75 to 4.85 and I sell the top of the box. BTC was turned back at 87k today, so a fourth test of the floor is possible. Floors get weaker each time.
Buy zone: 4.75 - 4.85
Target: 5.50
Wrong below: 4.55 (4H close)
NEARUSDT
Perp
5.083
-0.41%
