Don’t let that red sharpness of $NEAR make you lose your cool, because in this market, the panicked are the ones who hand money over to the sharks.
Waking up to a fiery-red electronic board, not a few young guys are clutching their heads and complaining because they saw $NEAR fall back to the 1.5870$ level. But for hands-on traders, this is exactly the time to sit down, sip some coffee, and examine things more carefully than just staring at the price and shaking hands.
Current technical data is telling a pretty interesting story:
🔹 15-minute chart: MA(20) is at 1.5991, while EMA(9) is 1.5944. The current price is below both of these lines, showing that short-term pressure is still weighing on the market.
🔹 1-hour chart: MA(20) is at 1.6019 and EMA(9) is at 1.5978. The gap here is extremely tight, indicating that the bears and bulls are fiercely battling right at this hard resistance zone.
At a glance, it seems like there’s a slight DUMP, but don’t rush to SHORT with the crowd. I can see a slight “pullback” signal forming in this area. If the sellers don’t push the price through the nearest psychological support zone, a technical rebound is hard to avoid.
My personal setup for this trade is as follows:
📌 Position: LONG from the bottom with the expectation of a rebound.
🎯 Entry zone: Look to buy around 1.570$ - 1.580$.
🎯 Take profit (TP): 1.650$ - 1.700$.
🎯 Stop loss (SL): Firm stop at 1.530$. If it breaks this level, then the upward structure is effectively broken—no need to regret it.
I’m watching this entry to catch the rebound; what about you—are you still on the sidelines, or did you already jump in during this drop?
#Crypto #Trading #Altcoins
Note: This is my personal viewpoint, not investment advice. Trading always comes with risk (DYOR).
Waking up to a fiery-red electronic board, not a few young guys are clutching their heads and complaining because they saw $NEAR fall back to the 1.5870$ level. But for hands-on traders, this is exactly the time to sit down, sip some coffee, and examine things more carefully than just staring at the price and shaking hands.
Current technical data is telling a pretty interesting story:
🔹 15-minute chart: MA(20) is at 1.5991, while EMA(9) is 1.5944. The current price is below both of these lines, showing that short-term pressure is still weighing on the market.
🔹 1-hour chart: MA(20) is at 1.6019 and EMA(9) is at 1.5978. The gap here is extremely tight, indicating that the bears and bulls are fiercely battling right at this hard resistance zone.
At a glance, it seems like there’s a slight DUMP, but don’t rush to SHORT with the crowd. I can see a slight “pullback” signal forming in this area. If the sellers don’t push the price through the nearest psychological support zone, a technical rebound is hard to avoid.
My personal setup for this trade is as follows:
📌 Position: LONG from the bottom with the expectation of a rebound.
🎯 Entry zone: Look to buy around 1.570$ - 1.580$.
🎯 Take profit (TP): 1.650$ - 1.700$.
🎯 Stop loss (SL): Firm stop at 1.530$. If it breaks this level, then the upward structure is effectively broken—no need to regret it.
I’m watching this entry to catch the rebound; what about you—are you still on the sidelines, or did you already jump in during this drop?
#Crypto #Trading #Altcoins
Note: This is my personal viewpoint, not investment advice. Trading always comes with risk (DYOR).