đ» NEARUSDT â RISING WEDGE BREAKDOWN
The 4H rising wedge has broken down, but the breakdown candles are still relatively weak.
That means Iâm not chasing the short yet. đ
đ Key confirmation:
We want to see a strong engulfing candle close below the second key level around $4.15.
If that confirmation appears, the short setup becomes more interesting.
đŻ Potential downside zones from the chart:
âą $3.78
âą $3.42
âą $3.18
âą $2.93
â ïž If price reclaims the broken structure and holds above the key levels, the bearish setup can weaken.
NEAR has also seen elevated volatility recently; market data shows a sharp pullback from the late-September highs.
Plan: Wait for confirmation â then consider the setup.
No confirmation = NO TRADE.
TradingBulls đ
Technical analysis only. Not financial advice.
#NEAR #NEARUSDT #crypto #Altcoinsđđ #TradingBulls
$NEAR
The 4H rising wedge has broken down, but the breakdown candles are still relatively weak.
That means Iâm not chasing the short yet. đ
đ Key confirmation:
We want to see a strong engulfing candle close below the second key level around $4.15.
If that confirmation appears, the short setup becomes more interesting.
đŻ Potential downside zones from the chart:
âą $3.78
âą $3.42
âą $3.18
âą $2.93
â ïž If price reclaims the broken structure and holds above the key levels, the bearish setup can weaken.
NEAR has also seen elevated volatility recently; market data shows a sharp pullback from the late-September highs.
Plan: Wait for confirmation â then consider the setup.
No confirmation = NO TRADE.
TradingBulls đ
Technical analysis only. Not financial advice.
#NEAR #NEARUSDT #crypto #Altcoinsđđ #TradingBulls
$NEAR
