$NEAR : $5.7 remains key resistance
NEAR is hitting the $5.7 zone once again. Breaking above it may take time, so the bearish outlook remains in play as long as the price doesn’t break through it decisively.
Trade plan (NEAR Short)
Entry: $5.6 - $5.4
Targets: $5.0 / $4.5 / $4.0 / $3.6
Stop: $5.94
What to watch: a clear close above $5.7 weakens the setup. The stop at $5.94 is above resistance, so the trade is invalidated if the price breaks through it.
Do you think NEAR will be rejected at $5.7, or will it finally break through? Let me know in the comments.
$NEAR
NEAR is hitting the $5.7 zone once again. Breaking above it may take time, so the bearish outlook remains in play as long as the price doesn’t break through it decisively.
Trade plan (NEAR Short)
Entry: $5.6 - $5.4
Targets: $5.0 / $4.5 / $4.0 / $3.6
Stop: $5.94
What to watch: a clear close above $5.7 weakens the setup. The stop at $5.94 is above resistance, so the trade is invalidated if the price breaks through it.
Do you think NEAR will be rejected at $5.7, or will it finally break through? Let me know in the comments.
$NEAR