The $NEAR rally is showing signs of exhaustion now.
After the sharp run-up, price is facing strong rejection around the $5.20 resistance zone. If selling pressure continues and the support levels start giving way, a deeper pullback could follow.
The downside move could develop through several strong red candles, with $1.834 as a much deeper bearish target if momentum completely shifts.
No need to blindly chase the top here. Watch the rejection, volume, and momentum for confirmation before taking any position.
Manage risk carefully and let the chart confirm the move. đ
NFA. DYOR.
After the sharp run-up, price is facing strong rejection around the $5.20 resistance zone. If selling pressure continues and the support levels start giving way, a deeper pullback could follow.
The downside move could develop through several strong red candles, with $1.834 as a much deeper bearish target if momentum completely shifts.
No need to blindly chase the top here. Watch the rejection, volume, and momentum for confirmation before taking any position.
Manage risk carefully and let the chart confirm the move. đ
NFA. DYOR.
