📈📉 $NEAR
Testing an ascending trendline in a critical zone: the rebound may lead it toward new highs, while a break of the trendline opens the way to lower FVG zones.
📍 Monitoring zone: 4.350 – 4.500
🟢 If there is a rebound from the trendline:
🎯 4.917 → 5.282 → 5.667
❌ Scenario invalidation: a 4-hour candlestick close below 4.250
🔴 If the trendline is broken:
🎯 3.910 → 3.580 → 3.316
❌ Scenario invalidation: a 4-hour candlestick close above 4.650
💡 Technical rationale:
• Price is currently testing the ascending trendline, so the current area is the key decision point.
• Rebound and holding above the trendline support the continuation of the uptrend and targeting higher highs.
• Breaking the trendline and closing below it opens the door toward lower FVG zones between 3.300 – 3.900.
• Best to wait for a clear close to confirm the direction and avoid a false break.