🚀 $NEAR
SHORT SETUP 🚀
Entry: $5.700 – $5.760
TP1: $5.600
TP2: $5.480
TP3: $5.300
SL: $5.850
🔻 Why NEAR is on watch:
Price ($5.623) has dropped under the 7 MA ($5.707) and the 25 MA ($5.759), and the 7 MA is turning down. The $5.700 to $5.760 zone now acts as overhead resistance. The push to $6.024 failed and rolled over into lower highs, followed by a string of red candles. This looks like a rollover after a sharp vertical pump. The breakout base sits near $5.450 to $5.500, and a 1H close below it would show sellers taking control. The pump came from a single large green candle, so there is little support built underneath. That makes a fast retrace toward the base more likely. The rising 99 MA ($5.191) is the bigger downside magnet if the base gives way.
⚠️ The 99 MA is still sloping up, so this is a counter-trend pullback trade. If price pushes through $5.850 and holds above the MAs, the setup is invalid. Don’t chase if price doesn’t reach the entry zone, and respect the stop.
Not financial advice. DYOR.
🔔 Follow CoinDispatch for more daily trade setups and market updates!
SHORT SETUP 🚀
Entry: $5.700 – $5.760
TP1: $5.600
TP2: $5.480
TP3: $5.300
SL: $5.850
🔻 Why NEAR is on watch:
Price ($5.623) has dropped under the 7 MA ($5.707) and the 25 MA ($5.759), and the 7 MA is turning down. The $5.700 to $5.760 zone now acts as overhead resistance. The push to $6.024 failed and rolled over into lower highs, followed by a string of red candles. This looks like a rollover after a sharp vertical pump. The breakout base sits near $5.450 to $5.500, and a 1H close below it would show sellers taking control. The pump came from a single large green candle, so there is little support built underneath. That makes a fast retrace toward the base more likely. The rising 99 MA ($5.191) is the bigger downside magnet if the base gives way.
⚠️ The 99 MA is still sloping up, so this is a counter-trend pullback trade. If price pushes through $5.850 and holds above the MAs, the setup is invalid. Don’t chase if price doesn’t reach the entry zone, and respect the stop.
Not financial advice. DYOR.
🔔 Follow CoinDispatch for more daily trade setups and market updates!