Everyone’s glued to the $NEAR bounce back story, but the 15m is coiled for a deeper dump. While the 4H still shows a bearish magnet, sellers are flushing the last liquidity under $0.85.
$NEAR - SHORT
Entry: 0.8420 – 0.8500
SL: 0.8725
TP1: 0.8000
TP2: 0.7800
TP3: 0.7500
Why this setup?
- RSI on the 15m sits at 28, deep oversold but heading lower, signaling continued pressure.
- 4H ATR spikes to 0.045, indicating widening volatility and a ready‑to‑break swing.
- Price broke the $0.85 pivot on volume +38%, invalidating the previous bullish bias.
- 1D trend remains bearish; the 4H is showing a classic squeeze‑and‑release pattern.
Debate: Are you folding into the $0.78 zone or looking to ride a possible rebound at $0.90?
$NEAR
$NEAR - SHORT
Entry: 0.8420 – 0.8500
SL: 0.8725
TP1: 0.8000
TP2: 0.7800
TP3: 0.7500
Why this setup?
- RSI on the 15m sits at 28, deep oversold but heading lower, signaling continued pressure.
- 4H ATR spikes to 0.045, indicating widening volatility and a ready‑to‑break swing.
- Price broke the $0.85 pivot on volume +38%, invalidating the previous bullish bias.
- 1D trend remains bearish; the 4H is showing a classic squeeze‑and‑release pattern.
Debate: Are you folding into the $0.78 zone or looking to ride a possible rebound at $0.90?
$NEAR