$NEAR is in a bearish trend and is currently experiencing a short-term oversold rebound, but it faces strong resistance, suggesting the upward correction may be running out of steam.
• The price is currently below the EMA21 (5.3) on the 4-hour chart, with both acting as dynamic resistance. On the 1-hour chart, the price is testing the EMA9 and EMA21 as immediate dynamic support, signaling market consolidation and indecision.
$NEAR Short Setup
Short Entry: 5.4 - 5.5
Enter if price is rejected in this resistance zone, as the broader trend remains bearish.
Stop Loss: Above 5.7
Take Profit:
TP1: 5.0
TP2: 4.7 (retest of the recent swing low)
If you support me, trade here 👇#near #nearprotocol
• The price is currently below the EMA21 (5.3) on the 4-hour chart, with both acting as dynamic resistance. On the 1-hour chart, the price is testing the EMA9 and EMA21 as immediate dynamic support, signaling market consolidation and indecision.
$NEAR Short Setup
Short Entry: 5.4 - 5.5
Enter if price is rejected in this resistance zone, as the broader trend remains bearish.
Stop Loss: Above 5.7
Take Profit:
TP1: 5.0
TP2: 4.7 (retest of the recent swing low)
If you support me, trade here 👇#near #nearprotocol