🔻 NEARUSDT — RISING WEDGE BREAKDOWN
The 4H rising wedge has broken down, but the breakdown candles are still relatively weak.
That means I’m not chasing the short yet. 👀
📌 Key confirmation:
We want to see a strong engulfing candle close below the second key level around $4.15.
If that confirmation appears, the short setup becomes more interesting.
🎯 Potential downside zones from the chart:
• $3.78
• $3.42
• $3.18
• $2.93
⚠️ If price reclaims the broken structure and holds above the key levels, the bearish setup can weaken.
NEAR has also seen elevated volatility recently; market data shows a sharp pullback from the late-September highs.
Plan: Wait for confirmation → then consider the setup.
No confirmation = NO TRADE.
TradingBulls 🐂
Technical analysis only. Not financial advice.
#NEAR #NEARUSDT #crypto #Altcoins👀🚀 #TradingBulls
$NEAR
The 4H rising wedge has broken down, but the breakdown candles are still relatively weak.
That means I’m not chasing the short yet. 👀
📌 Key confirmation:
We want to see a strong engulfing candle close below the second key level around $4.15.
If that confirmation appears, the short setup becomes more interesting.
🎯 Potential downside zones from the chart:
• $3.78
• $3.42
• $3.18
• $2.93
⚠️ If price reclaims the broken structure and holds above the key levels, the bearish setup can weaken.
NEAR has also seen elevated volatility recently; market data shows a sharp pullback from the late-September highs.
Plan: Wait for confirmation → then consider the setup.
No confirmation = NO TRADE.
TradingBulls 🐂
Technical analysis only. Not financial advice.
#NEAR #NEARUSDT #crypto #Altcoins👀🚀 #TradingBulls
$NEAR
