Look at this chart: $NEAR . The buyers are completely out of breath. The bounce is dead. 🧐
I’m opening a large short position on $NEAR from here.
Entry: 4.5
Target: 4.3
Stop loss: 4.65 👇
Look at the one-hour chart. We tried to push up to 4.664, but were rejected hard. Since then, it’s been a slow, painful sideways bleed with lower highs.
Trading volume on these green candles is completely dead. Retail traders think the pullback is over, but there’s no real demand. Late buyers are trapped. If we break below 4.45, it’ll be a straight drop to the lows.
I’m betting on the downside amid this weakness. Let’s see it drop.
Who’s with me on this short? 👇
⚠️ Not financial advice. Do your own research.
I’m opening a large short position on $NEAR from here.
Entry: 4.5
Target: 4.3
Stop loss: 4.65 👇
Look at the one-hour chart. We tried to push up to 4.664, but were rejected hard. Since then, it’s been a slow, painful sideways bleed with lower highs.
Trading volume on these green candles is completely dead. Retail traders think the pullback is over, but there’s no real demand. Late buyers are trapped. If we break below 4.45, it’ll be a straight drop to the lows.
I’m betting on the downside amid this weakness. Let’s see it drop.
Who’s with me on this short? 👇
⚠️ Not financial advice. Do your own research.
