The pullback after a rise isn’t scary; what’s scary is repeatedly testing the highs but still failing to break through the defense.
Take a look at the 4-hour chart of $NEAR : multiple consecutive times it touched the top were brutally slammed back down. This kind of price action has clearly revealed the strong resistance level overhead: it’s not that it doesn’t want to rise—it's that the bulls’ volume and momentum genuinely can’t keep up.
Getting blocked once can be called a test; failing repeatedly means momentum has run out. Since the prior high has become a hurdle you can’t get over, guarding against a pullback is the most practical script for the current stage. At this point, betting that it can force a breakout is no different from using real gold and silver to smash head-on into an iron plate.
#NEAR
Take a look at the 4-hour chart of $NEAR : multiple consecutive times it touched the top were brutally slammed back down. This kind of price action has clearly revealed the strong resistance level overhead: it’s not that it doesn’t want to rise—it's that the bulls’ volume and momentum genuinely can’t keep up.
Getting blocked once can be called a test; failing repeatedly means momentum has run out. Since the prior high has become a hurdle you can’t get over, guarding against a pullback is the most practical script for the current stage. At this point, betting that it can force a breakout is no different from using real gold and silver to smash head-on into an iron plate.
#NEAR