🔴 $NEAR — WILL $3.45 SUPPORT HOLD OR ARE WE HEADING LOWER?
NEAR is still struggling under a descending trendline after dropping from nearly $6.00. The chart continues to show lower highs, suggesting sellers remain in control.
📊 KEY LEVELS TO WATCH
Major support: $3.45
Immediate resistance: $3.95–$4.00
Supply zone: $4.15–$4.22
Descending trendline remains the key resistance.
📉 MY NEAR SHORT PLAN
I don't want to chase shorts directly into major support. My preferred strategy is to wait for a relief bounce and bearish rejection.
Entry: $3.95–$4.20
Stop-Loss: $4.32
TP1: $3.70
TP2: $3.45
TP3: $3.20
🔍 WHAT'S NEXT?
A confirmed breakdown below $3.45 could trigger another bearish leg toward $3.20 and potentially $3.00.
However, a breakout above the descending trendline followed by a reclaim of $4.22 would weaken the bearish structure.
For now, I'm watching the trendline and $3.45 support closely. Patience is key!
⚠️ Conditional setup, not a guaranteed move. Always manage your risk.
Will NEAR defend $3.45 or break down toward $3.20?
Follow for more technical analysis and trade setups!
NEAR is still struggling under a descending trendline after dropping from nearly $6.00. The chart continues to show lower highs, suggesting sellers remain in control.
📊 KEY LEVELS TO WATCH
Major support: $3.45
Immediate resistance: $3.95–$4.00
Supply zone: $4.15–$4.22
Descending trendline remains the key resistance.
📉 MY NEAR SHORT PLAN
I don't want to chase shorts directly into major support. My preferred strategy is to wait for a relief bounce and bearish rejection.
Entry: $3.95–$4.20
Stop-Loss: $4.32
TP1: $3.70
TP2: $3.45
TP3: $3.20
🔍 WHAT'S NEXT?
A confirmed breakdown below $3.45 could trigger another bearish leg toward $3.20 and potentially $3.00.
However, a breakout above the descending trendline followed by a reclaim of $4.22 would weaken the bearish structure.
For now, I'm watching the trendline and $3.45 support closely. Patience is key!
⚠️ Conditional setup, not a guaranteed move. Always manage your risk.
Will NEAR defend $3.45 or break down toward $3.20?
Follow for more technical analysis and trade setups!
