$NEAR STRONG DOWNTREND
Main trend remains bearish as long as the price trades below 4.5 resistance zone
Current upward movement to 4.2 appears to be a standard retest of resistance. Notably, Open Interest (OI) is steadily declining during this bounce, suggesting it is driven by short-covering rather than aggressive buyers, making it highly susceptible to another leg down
$NEAR SHORT SETUP
· Entry Short: 4.2 - 4.3 (retest previous breakdown level)
· Stop Loss: above 4.4
· TP1: 3.9
· TP2: 3.8
Support me just Trade here👇$NEAR
#near #nearprotocol
Main trend remains bearish as long as the price trades below 4.5 resistance zone
Current upward movement to 4.2 appears to be a standard retest of resistance. Notably, Open Interest (OI) is steadily declining during this bounce, suggesting it is driven by short-covering rather than aggressive buyers, making it highly susceptible to another leg down
$NEAR SHORT SETUP
· Entry Short: 4.2 - 4.3 (retest previous breakdown level)
· Stop Loss: above 4.4
· TP1: 3.9
· TP2: 3.8
Support me just Trade here👇$NEAR
#near #nearprotocol
