$NEAR has slipped below $4, bringing the bearish setup into focus.
Overbought candles, bearish divergence and an engulfing candle were early warning signs. Now sellers are testing whether the breakdown can extend further.
๐ SHORT SETUP
Entry: $4.10โ$4.20 on a failed reclaim
TP1: $3.88
TP2: $3.58
TP3: $3.12
SL: $4.32
A confirmed breakdown below $3.88 could open the path toward $3.58 and potentially $3.12.
๐ Bulls need to reclaim $4.21โ$4.30 to weaken the bearish case.
Could $3 be next? It's possible, but confirmation matters more than prediction. Manage risk.
Overbought candles, bearish divergence and an engulfing candle were early warning signs. Now sellers are testing whether the breakdown can extend further.
๐ SHORT SETUP
Entry: $4.10โ$4.20 on a failed reclaim
TP1: $3.88
TP2: $3.58
TP3: $3.12
SL: $4.32
A confirmed breakdown below $3.88 could open the path toward $3.58 and potentially $3.12.
๐ Bulls need to reclaim $4.21โ$4.30 to weaken the bearish case.
Could $3 be next? It's possible, but confirmation matters more than prediction. Manage risk.
