$NEAR Short (Rally Exhaustion)
Although the macro trend remains bullish as long as price holds above 4.3, the medium-term structure is undergoing a sharp correction. The current rise is a V-shaped relief rally, with momentum fading and heavy resistance ahead.
We favor shorting if price is rejected at major resistance.
🔴 Short scenario (preferred)
· $NEAR Short entry: 4.9–5.0 (resistance retest zone)
· Stop-loss: Above 5.1
· Take-profit:
· TP1: 4.6 (immediate psychological support)
· TP2: 4.3 (recent crash low)
· TP3: 4.0 (major structural support)
🟢 Long scenario (countertrend): Only if price pulls back and holds the 4.5–4.6 support zone
Support me by trading here 👇 #near #nearprotocol
Although the macro trend remains bullish as long as price holds above 4.3, the medium-term structure is undergoing a sharp correction. The current rise is a V-shaped relief rally, with momentum fading and heavy resistance ahead.
We favor shorting if price is rejected at major resistance.
🔴 Short scenario (preferred)
· $NEAR Short entry: 4.9–5.0 (resistance retest zone)
· Stop-loss: Above 5.1
· Take-profit:
· TP1: 4.6 (immediate psychological support)
· TP2: 4.3 (recent crash low)
· TP3: 4.0 (major structural support)
🟢 Long scenario (countertrend): Only if price pulls back and holds the 4.5–4.6 support zone
Support me by trading here 👇 #near #nearprotocol