The ETH strategy I shared earlier has successfully reached its profit target. After the unusual move, market disagreement has widened. On the four-hour chart, each rebound at $NEAR has come on weaker volume, with numerous upper wicks appearing in the same area—evidence that selling pressure overhead has not been absorbed. Structurally, price has consistently failed to hold near the previous high, while the price base is gradually moving lower. This looks more like a continuation of the decline than a reversal.
Rebounds are happening on lower volume, while pullbacks are happening on higher volume—a bearish price-volume pattern. I’d treat rebounds as opportunities to position for a short, rather than chase longs. If price breaks below the recent consolidation range, the downside could open up quickly. Be patient and wait for structural confirmation.
🔴 Trade direction: Short
📍 Entry range: 5.200 – 5.000
🛑 Stop loss: 5.500
🎯 Take profit 1: 4.700
🎯 Take profit 2: 4.300
🎯 Take profit 3: 4.000
🎯 Take profit 4: 3.600
Take in the vastness of mountains and seas; observe the market’s finer details.
Walk with Uncle Xiong and witness the highs and lows of the market.
#NEAR
Click below to trade 👇
Rebounds are happening on lower volume, while pullbacks are happening on higher volume—a bearish price-volume pattern. I’d treat rebounds as opportunities to position for a short, rather than chase longs. If price breaks below the recent consolidation range, the downside could open up quickly. Be patient and wait for structural confirmation.
🔴 Trade direction: Short
📍 Entry range: 5.200 – 5.000
🛑 Stop loss: 5.500
🎯 Take profit 1: 4.700
🎯 Take profit 2: 4.300
🎯 Take profit 3: 4.000
🎯 Take profit 4: 3.600
Take in the vastness of mountains and seas; observe the market’s finer details.
Walk with Uncle Xiong and witness the highs and lows of the market.
#NEAR
Click below to trade 👇