$NEAR The overall trend officially turned bearish after failing at the 6.0 top, forming a lower high (5.6) and a lower low (4.5). EMA9 is below EMA21, and both are sloping downward, confirming sustained selling pressure.
On the 1-hour timeframe, positive short-term momentum is driving a technical rebound from the 4.5 bottom toward the 5.1 area, but this is considered a pullback within the broader downtrend.
Therefore, the current market bias is bearish, with priority given to waiting for a rebound into the resistance zone to enter a short position.
$NEAR Short setup (priority)
· Short entry: 5.2–5.3 (wait for price to rebound to the 4-hour EMA21 resistance area)
· Stop loss: Above 5.5
· Take profit:
· TP1: 4.9 (recent 1-hour low)
· TP2: 4.5 (4-hour swing low)
Support me by trading here 👇#near #nearprotocol
On the 1-hour timeframe, positive short-term momentum is driving a technical rebound from the 4.5 bottom toward the 5.1 area, but this is considered a pullback within the broader downtrend.
Therefore, the current market bias is bearish, with priority given to waiting for a rebound into the resistance zone to enter a short position.
$NEAR Short setup (priority)
· Short entry: 5.2–5.3 (wait for price to rebound to the 4-hour EMA21 resistance area)
· Stop loss: Above 5.5
· Take profit:
· TP1: 4.9 (recent 1-hour low)
· TP2: 4.5 (4-hour swing low)
Support me by trading here 👇#near #nearprotocol