$NEAR — Rising Channel Meets 5.526 Supply, Dump Trigger Sits Below 📉
Trade Plan: Short $NEAR
Entry: 5.30 - 5.50
SL: 5.821
TP: 4.828 | 4.216 | 3.584
Why this Setup?
Price of NEAR is pressing into the upper boundary of the rising channel around the 5.526 supply zone, creating a potential exhaustion area after the recent upside push. A rejection here could send NEAR back through the 4.828 and 4.216 supports, with deeper downside opening toward 3.584. As long as 5.821 holds, the bearish setup remains valid.
Trade $NEAR here 👇
Trade Plan: Short $NEAR
Entry: 5.30 - 5.50
SL: 5.821
TP: 4.828 | 4.216 | 3.584
Why this Setup?
Price of NEAR is pressing into the upper boundary of the rising channel around the 5.526 supply zone, creating a potential exhaustion area after the recent upside push. A rejection here could send NEAR back through the 4.828 and 4.216 supports, with deeper downside opening toward 3.584. As long as 5.821 holds, the bearish setup remains valid.
Trade $NEAR here 👇
