$NEAR — Double Bottom or Just a Pause?
NEAR is down about 18% this week, and the chart has made lower highs at 4.60, then 4.25, then 3.85. But price is now sitting on a level it defended earlier in the month.
The 3.60–3.65 zone held on Nov 3–4, and buyers are stepping in there again. Zoom out, and NEAR is still up roughly 125% over 90 days.
🟢 Bullish scenario
• 3.60–3.65 forms a double bottom
• The latest 4H dip to 3.615 was quickly bought back
• A 4H close above 3.80 with volume breaks the lower-high pattern and opens 4.00, then 4.20
🔴 Bearish scenario
• The short-term trend is still down, with lower highs intact
• 3.80 has capped every bounce for two days
• A 4H close below 3.60 breaks the base, and there is little support close below
📍 Levels I'm watching
Support: 3.65 / 3.60
Resistance: 3.80 / 4.00 / 4.20
⚠️ Volume is fading and the order book is close to 50/50. The middle of a range is where patience pays. I'm watching for either a clean reclaim of 3.80 or a decisive loss of 3.60.
Does the double bottom hold, or does 3.60 give way? 👇
NFA · DYOR
#JobsReportRaisesHikeOdds
NEAR is down about 18% this week, and the chart has made lower highs at 4.60, then 4.25, then 3.85. But price is now sitting on a level it defended earlier in the month.
The 3.60–3.65 zone held on Nov 3–4, and buyers are stepping in there again. Zoom out, and NEAR is still up roughly 125% over 90 days.
🟢 Bullish scenario
• 3.60–3.65 forms a double bottom
• The latest 4H dip to 3.615 was quickly bought back
• A 4H close above 3.80 with volume breaks the lower-high pattern and opens 4.00, then 4.20
🔴 Bearish scenario
• The short-term trend is still down, with lower highs intact
• 3.80 has capped every bounce for two days
• A 4H close below 3.60 breaks the base, and there is little support close below
📍 Levels I'm watching
Support: 3.65 / 3.60
Resistance: 3.80 / 4.00 / 4.20
⚠️ Volume is fading and the order book is close to 50/50. The middle of a range is where patience pays. I'm watching for either a clean reclaim of 3.80 or a decisive loss of 3.60.
Does the double bottom hold, or does 3.60 give way? 👇
NFA · DYOR
#JobsReportRaisesHikeOdds