📉 $NEAR — Bearish Short Setup | Watching $4.55 Next! 🔻
SHORT 🔴
📍 Entry Zone: $4.83 – $4.95
🛑 Stop Loss (SL): $5.10
🎯 Take Profit:
- TP1: $4.70
- TP2: $4.60
- TP3: $4.55
📉 Market Analysis:
NEAR is facing continued selling pressure after being rejected near $5.90 and dropping toward $4.83. The 4H chart remains bearish according to this setup, with sellers appearing to have the upper hand as price struggles to recover.
The key level to watch is $4.80. A decisive breakdown below this area could open the door to further downside, with $4.70 as the first target, followed by $4.60. If selling momentum persists, the final target at $4.55 comes into focus.
However, confirmation is important. If price holds above $4.80 and rebounds strongly, the expected breakdown may not materialize.
🔑 Key Level: $4.80 is the critical support to monitor. A confirmed break below it could strengthen the bearish case, while a recovery above $5.10 would invalidate this short setup.
⚠️ Risk Note: Avoid chasing a sharp drop. Watch for a confirmed breakdown or a failed retest of support before entering. Keep position size controlled and respect the stop loss if price moves against the trade.
Bearish bias while resistance holds and sellers maintain control. 📉
Sell and Trade $NEAR here 👇
DYOR.
SHORT 🔴
📍 Entry Zone: $4.83 – $4.95
🛑 Stop Loss (SL): $5.10
🎯 Take Profit:
- TP1: $4.70
- TP2: $4.60
- TP3: $4.55
📉 Market Analysis:
NEAR is facing continued selling pressure after being rejected near $5.90 and dropping toward $4.83. The 4H chart remains bearish according to this setup, with sellers appearing to have the upper hand as price struggles to recover.
The key level to watch is $4.80. A decisive breakdown below this area could open the door to further downside, with $4.70 as the first target, followed by $4.60. If selling momentum persists, the final target at $4.55 comes into focus.
However, confirmation is important. If price holds above $4.80 and rebounds strongly, the expected breakdown may not materialize.
🔑 Key Level: $4.80 is the critical support to monitor. A confirmed break below it could strengthen the bearish case, while a recovery above $5.10 would invalidate this short setup.
⚠️ Risk Note: Avoid chasing a sharp drop. Watch for a confirmed breakdown or a failed retest of support before entering. Keep position size controlled and respect the stop loss if price moves against the trade.
Bearish bias while resistance holds and sellers maintain control. 📉
Sell and Trade $NEAR here 👇
DYOR.