🟢 $NEAR , THIS IS WHY I SAID WAIT FOR THE WEEKLY CLOSE
But the plan was clear from the beginning.
If the weekly candle closed back below the $3.63 resistance, then I would start watching for lower prices and a possible deeper retrace.
That did not happen.
$NEAR held the breakout and stayed above the resistance.
So for now, I’m not focused as much on the lower targets I mentioned before.
That doesn’t mean the risk is gone.
The macro backdrop still looks weak, and NEAR has left several FVGs below that could eventually attract price.
So yes, this entire move could still turn into a fakeout.
But until the chart gives us that confirmation, I’m not going to force the bearish scenario.
This is exactly why I kept saying one thing:
Wait for the weekly close.
Everything is still possible from here.
Not a recommendation to buy or sell $NEAR . Always do your own research.
But the plan was clear from the beginning.
If the weekly candle closed back below the $3.63 resistance, then I would start watching for lower prices and a possible deeper retrace.
That did not happen.
$NEAR held the breakout and stayed above the resistance.
So for now, I’m not focused as much on the lower targets I mentioned before.
That doesn’t mean the risk is gone.
The macro backdrop still looks weak, and NEAR has left several FVGs below that could eventually attract price.
So yes, this entire move could still turn into a fakeout.
But until the chart gives us that confirmation, I’m not going to force the bearish scenario.
This is exactly why I kept saying one thing:
Wait for the weekly close.
Everything is still possible from here.
Not a recommendation to buy or sell $NEAR . Always do your own research.
