$NEAR is taking a pretty sharp hit today, dropping down toward the $4.57 mark after a strong selloff.
Looking at the charts, we are fast approaching a heavy historical demand pocket around $4.40 - $4.50. On higher timeframes, this level has repeatedly acted as a strong floor where spot buyers accumulate.
I’m watching the 1H candle closely here. If we see a solid green reversal wick forming around this support zone instead of breaking down further, it could setup a clean recovery back toward $4.95 and possibly $5.40.
Are you guys looking for a spot bounce here or waiting for lower levels?
#Near #NEAR🚀🚀🚀
Looking at the charts, we are fast approaching a heavy historical demand pocket around $4.40 - $4.50. On higher timeframes, this level has repeatedly acted as a strong floor where spot buyers accumulate.
I’m watching the 1H candle closely here. If we see a solid green reversal wick forming around this support zone instead of breaking down further, it could setup a clean recovery back toward $4.95 and possibly $5.40.
Are you guys looking for a spot bounce here or waiting for lower levels?
#Near #NEAR🚀🚀🚀