$NEAR is showing a strong short-term rebound after dipping toward 4.886, and I'm noticing that buyers have pushed price back above the MA60. But after that sharp move toward 4.938, I'm watching for a possible rejection before considering a short.
NEAR/USDT is currently trading at 4.933, with the visible MA60 at 4.905. For me, the immediate resistance zone is around 4.938–4.940, while 4.929 is the first nearby level to watch on a pullback.
📍 Entry: 4.938–4.940 after confirmed rejection 🎯 TP1: 4.929 🎯 TP2: 4.918 🎯 TP3: 4.907 🛑 Invalidation: Above 4.940
I'd like to see price fail to break resistance and then move below 4.929 before considering the short. The rebound is still strong on this snapshot, so entering too early could mean trading against continued upward momentum.
If NEAR breaks and holds above 4.940, I'd step away from this setup because the rejection idea would be weakened.
My plan: let the resistance level do the talking. The downside targets are nearby chart references, not guaranteed outcomes, and if the rejection never appears, I'll stay out rather than force a trade.
NEAR/USDT is currently trading at 4.933, with the visible MA60 at 4.905. For me, the immediate resistance zone is around 4.938–4.940, while 4.929 is the first nearby level to watch on a pullback.
📍 Entry: 4.938–4.940 after confirmed rejection 🎯 TP1: 4.929 🎯 TP2: 4.918 🎯 TP3: 4.907 🛑 Invalidation: Above 4.940
I'd like to see price fail to break resistance and then move below 4.929 before considering the short. The rebound is still strong on this snapshot, so entering too early could mean trading against continued upward momentum.
If NEAR breaks and holds above 4.940, I'd step away from this setup because the rejection idea would be weakened.
My plan: let the resistance level do the talking. The downside targets are nearby chart references, not guaranteed outcomes, and if the rejection never appears, I'll stay out rather than force a trade.