$NEAR Bearish! It formed a double-top pattern around 5.5–5.6 and has been in a downtrend throughout, creating lower highs (5.6 → 5.5 → 4.9). It recently found strong support at 4.5, triggering a relief bounce.
📉 Trade setup: Short (preferably sell on rallies)
· Reason: It is clearly rejected in the 4.9–5.0 resistance zone. If buyers fail to reclaim above that level, the price may resume the downtrend, targeting lower-liquidity areas.
· $NEAR Short entry: 4.9–5.0 (wait for clear rejection or failure to close above 5.0)
· SL: Above 5.2 (recent swing high)
· TP:
· TP1: 4.6 (immediate support and the prior breakout area)
· TP2: 4.5 (retest of recent major structural support)
Support me—trade right here👇
#near #nearprotocol
📉 Trade setup: Short (preferably sell on rallies)
· Reason: It is clearly rejected in the 4.9–5.0 resistance zone. If buyers fail to reclaim above that level, the price may resume the downtrend, targeting lower-liquidity areas.
· $NEAR Short entry: 4.9–5.0 (wait for clear rejection or failure to close above 5.0)
· SL: Above 5.2 (recent swing high)
· TP:
· TP1: 4.6 (immediate support and the prior breakout area)
· TP2: 4.5 (retest of recent major structural support)
Support me—trade right here👇
#near #nearprotocol
