$NEAR
There’s no point trying to short anymore when NEAR could spring a bear trap. They may push it up to liquidate shorts.
The fact that it refused to drop to 5.270 meets the conditions for a short squeeze to 5.66 or higher.
NEAR is hard to trade again because that red weekly wick hasn’t been taken out. After the short liquidations, it’ll drop again. By “drop,” I mean a gradual decline back to 5.1–5.2, not a sharp crash.
There’s no point trying to short anymore when NEAR could spring a bear trap. They may push it up to liquidate shorts.
The fact that it refused to drop to 5.270 meets the conditions for a short squeeze to 5.66 or higher.
NEAR is hard to trade again because that red weekly wick hasn’t been taken out. After the short liquidations, it’ll drop again. By “drop,” I mean a gradual decline back to 5.1–5.2, not a sharp crash.
