$NEAR
/ USDT – 4H Technical Outlook (Relief Rally into 4H Supply & Rejection Setup)
On the 4-hour chart, NEAR Protocol (NEAR) is showing an aggressive impulsive bounce of +5.10%, currently trading around $3.77 after sweeping local demand liquidity. The mapped path projects a short-term relief rally into overhead supply before a potential bearish continuation.
📉 Technical Breakdown (4H Chart):
Current Price: ~$3.770 (+5.10% on the session)
Structure: Strong impulsive recovery following a multi-day downtrend. The projected scenario maps a continuation of the upward push into the major resistance zone, followed by a double-top reaction and subsequent markdown.
Support Zone: ~$3.40 – $3.50 (Critical structural floor guarding against deeper downside).
Overhead Supply Zone: ~$3.97 – $4.10 (Major 4H supply block where sellers are expected to step back in).
💡 Trade Plan & Strategy:
Scenario: Tracking the reaction as price approaches the overhead supply zone. Looking for signs of exhaustion or local rejection for potential short setups, or waiting for structural confirmation if trading the counter-trend bounce.
Risk Management: Maintain strict stop-losses above the supply zone invalidation level to protect capital against unexpected macro trend flips.
💬 Are you looking to short NEAR at the upcoming supply zone, or expecting it to break higher? Let's discuss below! 👇
$AGT
$INIT
#NEAR #NEARUSDT #BinanceSquare #CryptoTrading #TechnicalAnalysis #Altcoins
/ USDT – 4H Technical Outlook (Relief Rally into 4H Supply & Rejection Setup)
On the 4-hour chart, NEAR Protocol (NEAR) is showing an aggressive impulsive bounce of +5.10%, currently trading around $3.77 after sweeping local demand liquidity. The mapped path projects a short-term relief rally into overhead supply before a potential bearish continuation.
📉 Technical Breakdown (4H Chart):
Current Price: ~$3.770 (+5.10% on the session)
Structure: Strong impulsive recovery following a multi-day downtrend. The projected scenario maps a continuation of the upward push into the major resistance zone, followed by a double-top reaction and subsequent markdown.
Support Zone: ~$3.40 – $3.50 (Critical structural floor guarding against deeper downside).
Overhead Supply Zone: ~$3.97 – $4.10 (Major 4H supply block where sellers are expected to step back in).
💡 Trade Plan & Strategy:
Scenario: Tracking the reaction as price approaches the overhead supply zone. Looking for signs of exhaustion or local rejection for potential short setups, or waiting for structural confirmation if trading the counter-trend bounce.
Risk Management: Maintain strict stop-losses above the supply zone invalidation level to protect capital against unexpected macro trend flips.
💬 Are you looking to short NEAR at the upcoming supply zone, or expecting it to break higher? Let's discuss below! 👇
$AGT
$INIT
#NEAR #NEARUSDT #BinanceSquare #CryptoTrading #TechnicalAnalysis #Altcoins
