$NEAR Short Idea: Trend Rally Fade

Entry zone: 4.615 - 4.679 USD
Target: 4.250 USD (range low)
Invalidation: 4H close above 4.856 USD
Risk/Reward: 1 : 1.9

WHY THIS LEVEL
▪️ Price is below EMA 20 and EMA 20 is below EMA 50
▪️ 4H RSI 44.6 (neutral), EMA 20 is below EMA 50

A 4H close above 4.856 USD cancels the idea. Chart idea only, not a position I hold.

What is your invalidation level on this chart? Share it in the comments.

Not financial advice. Always DYOR.
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