$NEAR : Bulls Need to Defend This Zone!
$NEAR is trading around $5.66 after a strong rally, but sellers are pushing back from the $5.97 high. The next move depends on whether buyers can defend the current support.
Trading Setup
Support: $5.60–$5.65
Resistance: $5.90–$5.97
Bullish target: $6.10–$6.25
Bearish risk: $5.50, if support breaks
Bullish scenario: A strong bounce from support and a breakout above $5.97 could open the way toward $6.10+.
Bearish scenario: If $5.60 fails, a deeper pullback may follow. Wait for confirmation instead of chasing the candle.
My focus: Will buyers reclaim $5.97, or will sellers take control first?
#NEAR #CryptoTrading #Binance
$NEAR is trading around $5.66 after a strong rally, but sellers are pushing back from the $5.97 high. The next move depends on whether buyers can defend the current support.
Trading Setup
Support: $5.60–$5.65
Resistance: $5.90–$5.97
Bullish target: $6.10–$6.25
Bearish risk: $5.50, if support breaks
Bullish scenario: A strong bounce from support and a breakout above $5.97 could open the way toward $6.10+.
Bearish scenario: If $5.60 fails, a deeper pullback may follow. Wait for confirmation instead of chasing the candle.
My focus: Will buyers reclaim $5.97, or will sellers take control first?
#NEAR #CryptoTrading #Binance