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$NEAR — THE LIQUIDITY SWEEP HAS HAPPENED. TIME TO WATCH THE SHORT!
Remember our previous NEAR analysis? We discussed how buyers were repeatedly struggling around the $4.32–$4.42 resistance zone, while sellers were waiting for liquidity to be taken.
Well, the chart is getting interesting now!
Price pushed above the local liquidity area, but buyers couldn't sustain the move. Sellers stepped in, rejected the higher prices and pushed NEAR back below the $4.42 region.
This is exactly the kind of reaction we were waiting for!
Now, I'm watching for bearish continuation towards the $4.00 region, with our next target around $3.919.
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$NEAR SHORT SETUP
Entry: $4.42–$4.44 (rejection confirmed)
Stop-Loss: $4.590
TP1: $4.20
TP2: $4.00
TP3: $3.919
My take: The liquidity sweep followed by rejection gives us a potential SHORT opportunity. The current price is around $4.393, already below our planned entry zone, so don't chase if you missed the initial trigger. Watch for a lower-timeframe retest and bearish confirmation.
Remember, we planned this trade rather than randomly shorting a red candle. That's the beauty of liquidity-based trading.
Let's see whether sellers deliver another move! 👀
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