This is where weak hands get shaken out.
$NEAR is bleeding but look at that wick. Bounced hard off 3.9 and now it's resting on a razor's edge. The bounce is real, but the overhead pressure is still there.
Direction: Bullish Reversal
The 4H chart shows a clear rejection of the bottom. We are setting up for a short-term pop before the next move.
Entry Zone: 4.15 – 4.20
Stop Loss: 4.05
TP1: 4.45
TP2: 4.80
Patience pays. Don't chase the candle, let the setup come to you.
$NEAR is bleeding but look at that wick. Bounced hard off 3.9 and now it's resting on a razor's edge. The bounce is real, but the overhead pressure is still there.
Direction: Bullish Reversal
The 4H chart shows a clear rejection of the bottom. We are setting up for a short-term pop before the next move.
Entry Zone: 4.15 – 4.20
Stop Loss: 4.05
TP1: 4.45
TP2: 4.80
Patience pays. Don't chase the candle, let the setup come to you.
