NEAR Looks Shaky After Yesterday’s Bounce Failed to Stick
The bounce on NEAR looked promising for a minute, but it never really got going. Crypto Tony is calling for a swipe lower, and the chart is not arguing with him right now.
🗣 What the analyst said
"Looking for that swipe lower now. No real follow through on the bounce yesterday."
🔥 Why I am watching
- Price rejected the recent push and is drifting back toward local lows.
- Support around 4.05 is the next obvious magnet on the 4h.
- No strong volume follow-through after the bounce attempt.
🚀 Market flow
- Sellers still have the edge until price reclaims the mid-range.
- A liquidity grab under the recent low is the higher-probability path short term.
- Any bounce without a proper sweep looks vulnerable to another fade.
🎯 My trade idea
- Bias: Cautious short until the lows are tested.
- Trigger: Failure to hold the current area and a push toward 4.05.
- Estimated entry: Near current levels on rejection, or scale in on the break lower.
- TP1: ~4.05.
- TP2: 3.90 area if the sweep accelerates.
- Invalidation: Strong reclaim above the bounce high near 4.70+.
- Subjective odds of reaching the 4.05 zone before a real bounce: roughly 60% after confirmation.
🛡 Where I step back
- If buyers reclaim 4.60 cleanly with volume, the short idea weakens fast.
Are you expecting the lower swipe first, or do you think NEAR holds and runs without it? 👇
Drop the confirmation signal you need before you would act on this.
Not investment advice - research on your own! 🚀
$NEAR
The bounce on NEAR looked promising for a minute, but it never really got going. Crypto Tony is calling for a swipe lower, and the chart is not arguing with him right now.
🗣 What the analyst said
"Looking for that swipe lower now. No real follow through on the bounce yesterday."
🔥 Why I am watching
- Price rejected the recent push and is drifting back toward local lows.
- Support around 4.05 is the next obvious magnet on the 4h.
- No strong volume follow-through after the bounce attempt.
🚀 Market flow
- Sellers still have the edge until price reclaims the mid-range.
- A liquidity grab under the recent low is the higher-probability path short term.
- Any bounce without a proper sweep looks vulnerable to another fade.
🎯 My trade idea
- Bias: Cautious short until the lows are tested.
- Trigger: Failure to hold the current area and a push toward 4.05.
- Estimated entry: Near current levels on rejection, or scale in on the break lower.
- TP1: ~4.05.
- TP2: 3.90 area if the sweep accelerates.
- Invalidation: Strong reclaim above the bounce high near 4.70+.
- Subjective odds of reaching the 4.05 zone before a real bounce: roughly 60% after confirmation.
🛡 Where I step back
- If buyers reclaim 4.60 cleanly with volume, the short idea weakens fast.
Are you expecting the lower swipe first, or do you think NEAR holds and runs without it? 👇
Drop the confirmation signal you need before you would act on this.
Not investment advice - research on your own! 🚀
$NEAR
