🚨 $NEAR BROKE ITS BULLISH SETUP — BUT SHORTING HERE COULD STILL BE A TRAP.
The latest closed H1 candle finished at $4.940.
NEAR lost the $5.172 level, so the previous bullish setup is no longer valid.
But sellers still have one problem:
Price dropped to $4.739 and $4.738, yet both moves were bought back. There is still no confirmed H1 close below that support.
The bounce above $4.962 also failed, while the latest candle had only 0.43× the recent average volume. Buyers are not strong—but sellers have not finished the job either.
Key levels:
🔴 Resistance: $4.995–$5.068
🟢 Support: $4.738–$4.739
⚪ NO CLEAR EDGE — SKIP TRADE
There is no confirmed entry, SL or TP right now.
For a safer Short idea, I want an H1 close below $4.738, followed by a weak bounce that cannot reclaim the broken support.
Until that happens, I’m not chasing red candles directly into a defended floor.
Will sellers finally break $4.738—or will buyers defend it again? 👀
$NEAR #Wyckoff #SMC
Paper analysis only. Not financial advice.
The latest closed H1 candle finished at $4.940.
NEAR lost the $5.172 level, so the previous bullish setup is no longer valid.
But sellers still have one problem:
Price dropped to $4.739 and $4.738, yet both moves were bought back. There is still no confirmed H1 close below that support.
The bounce above $4.962 also failed, while the latest candle had only 0.43× the recent average volume. Buyers are not strong—but sellers have not finished the job either.
Key levels:
🔴 Resistance: $4.995–$5.068
🟢 Support: $4.738–$4.739
⚪ NO CLEAR EDGE — SKIP TRADE
There is no confirmed entry, SL or TP right now.
For a safer Short idea, I want an H1 close below $4.738, followed by a weak bounce that cannot reclaim the broken support.
Until that happens, I’m not chasing red candles directly into a defended floor.
Will sellers finally break $4.738—or will buyers defend it again? 👀
$NEAR #Wyckoff #SMC
Paper analysis only. Not financial advice.
