$NEAR remains tilted to the downside: the rebound lacks the strength to repair the broken structure, while trying to catch a bottom too early could turn hope into a cost.
H1 closed at 4,942, still below the lost 5,227 level after the bearish CHoCH. Meanwhile, the liquidity sweep above 5,439 reached 5,459 before closing back at 5,309 on 1.84× volume, showing that higher prices previously met significant selling pressure.
From a Wyckoff perspective, this could be distribution ahead of a developing down move. However, volume at the CHoCH was only 1.01×, and the latest candle swept 4,886 before closing back above 4,908 on 1.41× volume, so a continued breakdown has yet to be confirmed.
The heatmap shows estimated liquidity at 5.09–5.11 above and 4.79–4.81 below, setting the scene for sweeps in either direction without guaranteeing that price will reach either zone.
Bearish bias — no entry yet: will the next rebound remain capped beneath the lost structure, or was that recent lower-wick reversal strong enough to force sellers to relinquish control?
H1 closed at 4,942, still below the lost 5,227 level after the bearish CHoCH. Meanwhile, the liquidity sweep above 5,439 reached 5,459 before closing back at 5,309 on 1.84× volume, showing that higher prices previously met significant selling pressure.
From a Wyckoff perspective, this could be distribution ahead of a developing down move. However, volume at the CHoCH was only 1.01×, and the latest candle swept 4,886 before closing back above 4,908 on 1.41× volume, so a continued breakdown has yet to be confirmed.
The heatmap shows estimated liquidity at 5.09–5.11 above and 4.79–4.81 below, setting the scene for sweeps in either direction without guaranteeing that price will reach either zone.
Bearish bias — no entry yet: will the next rebound remain capped beneath the lost structure, or was that recent lower-wick reversal strong enough to force sellers to relinquish control?