📉 $NEAR — BIG SHORT Setup | Bears Target Lower Support 🔻
SHORT 🔴
📍 Entry Zone: $4.48–$4.62
🛑 Stop Loss (SL): $4.93
🎯 Take Profit Targets:
- TP1: $4.41
- TP2: $4.28
- TP3: $4.19
📉 Market Analysis:
NEAR is struggling to maintain its current trading range, suggesting that buyers may be losing control. If the price breaks below nearby support and selling pressure increases, another downward move could develop toward the listed profit targets. Traders should watch for a confirmed breakdown before entering, as a bounce from support could invalidate the bearish scenario.
🔑 Key Levels:
- $4.48–$4.62: Planned short-entry zone.
- Nearby support: A confirmed breakdown could strengthen bearish momentum.
- $4.41: First downside target.
- $4.28–$4.19: Further targets if selling continues.
- $4.93: Stop-loss level.
⚠️ Risk Note: TP1 is relatively close to the entry zone, while the stop loss is farther away. Check the risk-to-reward ratio using your actual entry price, and account for fees and slippage. Keep your stop loss in place and avoid chasing a sharp move.
Bearish bias while price remains weak and support breaks convincingly. 📉
Sell and Trade $NEAR here 👇
DYOR.
SHORT 🔴
📍 Entry Zone: $4.48–$4.62
🛑 Stop Loss (SL): $4.93
🎯 Take Profit Targets:
- TP1: $4.41
- TP2: $4.28
- TP3: $4.19
📉 Market Analysis:
NEAR is struggling to maintain its current trading range, suggesting that buyers may be losing control. If the price breaks below nearby support and selling pressure increases, another downward move could develop toward the listed profit targets. Traders should watch for a confirmed breakdown before entering, as a bounce from support could invalidate the bearish scenario.
🔑 Key Levels:
- $4.48–$4.62: Planned short-entry zone.
- Nearby support: A confirmed breakdown could strengthen bearish momentum.
- $4.41: First downside target.
- $4.28–$4.19: Further targets if selling continues.
- $4.93: Stop-loss level.
⚠️ Risk Note: TP1 is relatively close to the entry zone, while the stop loss is farther away. Check the risk-to-reward ratio using your actual entry price, and account for fees and slippage. Keep your stop loss in place and avoid chasing a sharp move.
Bearish bias while price remains weak and support breaks convincingly. 📉
Sell and Trade $NEAR here 👇
DYOR.
