$NEAR Facing Strong Resistance — Is a Bigger Drop Coming?
NEAR has rallied sharply from 4.636 to 5.22, but price is now testing a critical resistance area near 5.22–5.28.
🔴 Bearish Scenario: Rejection below 5.28 could trigger a correction towards 5.10, followed by 4.98.
🟢 Bullish Scenario: A confirmed 15-minute breakout above 5.28 would invalidate the short setup and could open the door towards 5.30 and higher.
My view: The rally looks strong, but chasing longs into resistance is risky. Watch for rejection confirmation before considering shorts.
Are you expecting a pullback or another breakout? #NEAR
NEAR has rallied sharply from 4.636 to 5.22, but price is now testing a critical resistance area near 5.22–5.28.
🔴 Bearish Scenario: Rejection below 5.28 could trigger a correction towards 5.10, followed by 4.98.
🟢 Bullish Scenario: A confirmed 15-minute breakout above 5.28 would invalidate the short setup and could open the door towards 5.30 and higher.
My view: The rally looks strong, but chasing longs into resistance is risky. Watch for rejection confirmation before considering shorts.
Are you expecting a pullback or another breakout? #NEAR