🔴 $NEAR — TRENDLINE + VOLUME PROFILE: AN IMPORTANT DECISION ZONE! 👀
NEAR is approaching an interesting area where two technical factors are coming together: a descending trendline and a key Point of Interest (POI) identified through the Fixed Range Volume Profile.
Here's what I'm seeing.
The broader structure remains bearish, with price consistently forming lower highs beneath the descending trendline. After bouncing from the $3.80 area, NEAR has returned to test the $4.00–$4.03 region.
What's interesting is that this area also aligns with an important volume-profile zone. I'm watching how price reacts here because it could determine the next move.
🔴 Bearish Scenario:
If price fails to reclaim the descending trendline and gets rejected around $4.00–$4.03, sellers could regain control.
A confirmed breakdown could open the way towards $3.80, followed by our bigger target around $3.457.
🟢 Bullish Scenario:
If buyers reclaim the trendline and sustain price above the $4.03 region, the bearish setup becomes weaker. A move towards the upper supply zone around $4.20–$4.30 could follow.
🎯 MY TRADING PLAN:
SHORT entry reference: $4.027
Stop-Loss: $4.220
Target: $3.457
I'm leaning bearish, but I want confirmation through rejection and bearish candle structure before entering or adding to a position.
The combination of trendline resistance and volume-profile POI makes this a zone worth watching.
Don't trade the prediction. Trade the reaction!
What's your bias on NEAR? More downside or a trendline breakout? 👇
Coming up next.....$SUI
NEAR is approaching an interesting area where two technical factors are coming together: a descending trendline and a key Point of Interest (POI) identified through the Fixed Range Volume Profile.
Here's what I'm seeing.
The broader structure remains bearish, with price consistently forming lower highs beneath the descending trendline. After bouncing from the $3.80 area, NEAR has returned to test the $4.00–$4.03 region.
What's interesting is that this area also aligns with an important volume-profile zone. I'm watching how price reacts here because it could determine the next move.
🔴 Bearish Scenario:
If price fails to reclaim the descending trendline and gets rejected around $4.00–$4.03, sellers could regain control.
A confirmed breakdown could open the way towards $3.80, followed by our bigger target around $3.457.
🟢 Bullish Scenario:
If buyers reclaim the trendline and sustain price above the $4.03 region, the bearish setup becomes weaker. A move towards the upper supply zone around $4.20–$4.30 could follow.
🎯 MY TRADING PLAN:
SHORT entry reference: $4.027
Stop-Loss: $4.220
Target: $3.457
I'm leaning bearish, but I want confirmation through rejection and bearish candle structure before entering or adding to a position.
The combination of trendline resistance and volume-profile POI makes this a zone worth watching.
Don't trade the prediction. Trade the reaction!
What's your bias on NEAR? More downside or a trendline breakout? 👇
Coming up next.....$SUI
