đš $NEAR BROKE ITS BULLISH SETUP â BUT SHORTING HERE COULD STILL BE A TRAP.
The latest closed H1 candle finished at $4.940.
NEAR lost the $5.172 level, so the previous bullish setup is no longer valid.
But sellers still have one problem:
Price dropped to $4.739 and $4.738, yet both moves were bought back. There is still no confirmed H1 close below that support.
The bounce above $4.962 also failed, while the latest candle had only 0.43Ă the recent average volume. Buyers are not strongâbut sellers have not finished the job either.
Key levels:
đŽ Resistance: $4.995â$5.068
đą Support: $4.738â$4.739
âȘ NO CLEAR EDGE â SKIP TRADE
There is no confirmed entry, SL or TP right now.
For a safer Short idea, I want an H1 close below $4.738, followed by a weak bounce that cannot reclaim the broken support.
Until that happens, Iâm not chasing red candles directly into a defended floor.
Will sellers finally break $4.738âor will buyers defend it again? đ
$NEAR #Wyckoff #SMC
Paper analysis only. Not financial advice.
The latest closed H1 candle finished at $4.940.
NEAR lost the $5.172 level, so the previous bullish setup is no longer valid.
But sellers still have one problem:
Price dropped to $4.739 and $4.738, yet both moves were bought back. There is still no confirmed H1 close below that support.
The bounce above $4.962 also failed, while the latest candle had only 0.43Ă the recent average volume. Buyers are not strongâbut sellers have not finished the job either.
Key levels:
đŽ Resistance: $4.995â$5.068
đą Support: $4.738â$4.739
âȘ NO CLEAR EDGE â SKIP TRADE
There is no confirmed entry, SL or TP right now.
For a safer Short idea, I want an H1 close below $4.738, followed by a weak bounce that cannot reclaim the broken support.
Until that happens, Iâm not chasing red candles directly into a defended floor.
Will sellers finally break $4.738âor will buyers defend it again? đ
$NEAR #Wyckoff #SMC
Paper analysis only. Not financial advice.
