$NEAR just dropped another 7% to $3.74, and a TD Sequential buy signal is flashing right as it tests $3.60 support. Is this a trap or the turn? 🚨
Price fell as over $1 billion in crypto liquidations hit the market, mostly longs, and US tech stocks sold off. NEAR is down about 37% from its October high near $6, even though the network approved a 36% issuance cut. 👀
Levels I'm watching:
🟣 $4.30: rebound target, where it broke down on November 2
🔴 $4.00: round number, reclaim it first
🟢 $3.60: key support, being tested right now
⚠️ Lose $3.60 and a drop toward $3.20 opens up
My plan: no catching the knife. I want a daily close back above $4.00 before I get bullish, and I'm out if $3.60 breaks. A buy signal alone is not a reason to buy.
Buy signal or bull trap? 👇
#NEAR #nearprotocol #Crypto #cryptotrading #altcoins
@Zetoshi X @BitEagle News @Ismeidy @Wise Analyze
Price fell as over $1 billion in crypto liquidations hit the market, mostly longs, and US tech stocks sold off. NEAR is down about 37% from its October high near $6, even though the network approved a 36% issuance cut. 👀
Levels I'm watching:
🟣 $4.30: rebound target, where it broke down on November 2
🔴 $4.00: round number, reclaim it first
🟢 $3.60: key support, being tested right now
⚠️ Lose $3.60 and a drop toward $3.20 opens up
My plan: no catching the knife. I want a daily close back above $4.00 before I get bullish, and I'm out if $3.60 breaks. A buy signal alone is not a reason to buy.
Buy signal or bull trap? 👇
#NEAR #nearprotocol #Crypto #cryptotrading #altcoins
@Zetoshi X @BitEagle News @Ismeidy @Wise Analyze
