Trader 509 Jony Dong suggested shorting from the 4.574–4.594 zone, with targets at 4.510 / 4.460 / 4.386 and a stop at 4.708. The price is below the 4H EMA50, and the structure favors sellers. The risk/reward ratio is around 1.6 if all targets are reached.
On the 4-hour chart, the price is holding below a key moving average. Resistance at 4.59 has repeatedly pushed the price back. Confirmation would be a close below the local lows accompanied by increased selling volume. The setup is invalidated by a decisive breakout and hold above 4.71.
Over the past two months, NEAR has traded in a wide range amid broader weakness in Layer 1 tokens. Ecosystem demand remains moderate, while competition from faster networks is intensifying. Liquidity is sufficient for intraday trading, but sharp moves driven by AI-narrative news are possible.
The scenario’s weak point is the risk of a stop hunt if Bitcoin surges sharply. If the price holds above 4.71, buyers will take control, opening the way to 4.90–5.00.
Trading Plan
Entry: 4.574–4.594
Stop: 4.708
TP1: 4.510
TP2: 4.460
TP3: 4.386
Invalidation: close above 4.71
Risk: 0.5–0.75% of capital
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