$NEAR voters backed a 36% issuance cut on Nov 2 (99.9% yes). Since the Nov 2 open: 4.29 to 3.41, about -20%. Today it slipped under the 3.45 floor of Nov 8-11.
Trend: Bearish (4H below all EMAs)
🎯 Entry short: 3.46 – 3.50 (only after a red 1H close in the zone; valid until PPI, Nov 13, 13:30 UTC)
✅ TP1: 3.30
✅ TP2: 3.20 (extension)
✅ TP3: 3.03 (above 1D EMA200)
🛑 SL: 3.60
📊 Logic:
• The Nov 8-9 lows (3.446/3.458) are now resistance.
• HSP-029 cuts max issuance from 2.5% to 1.6% over 24 months, pending a veto window and 90-day grace (The Block). No supply change this month.
• OI -7% in 24h, funding ~0.01%: shorts aren't crowded.
• Risk: 1H RSI is 28, so no shorting the low. Thin support until the 1D EMA200 (3.01). 4H ATR 3.7%, keep size small.
⚠️ Invalidation: a 1H close above 3.60. If 3.34 (today's low) breaks before a fill, skip.
$NEAR retests 3.48: SELL or RECLAIM? Drop one word 👇
#NEAR #Tokenomics #Altcoins
Disclaimer: Personal view, not financial advice. DYOR.
Trend: Bearish (4H below all EMAs)
🎯 Entry short: 3.46 – 3.50 (only after a red 1H close in the zone; valid until PPI, Nov 13, 13:30 UTC)
✅ TP1: 3.30
✅ TP2: 3.20 (extension)
✅ TP3: 3.03 (above 1D EMA200)
🛑 SL: 3.60
📊 Logic:
• The Nov 8-9 lows (3.446/3.458) are now resistance.
• HSP-029 cuts max issuance from 2.5% to 1.6% over 24 months, pending a veto window and 90-day grace (The Block). No supply change this month.
• OI -7% in 24h, funding ~0.01%: shorts aren't crowded.
• Risk: 1H RSI is 28, so no shorting the low. Thin support until the 1D EMA200 (3.01). 4H ATR 3.7%, keep size small.
⚠️ Invalidation: a 1H close above 3.60. If 3.34 (today's low) breaks before a fill, skip.
$NEAR retests 3.48: SELL or RECLAIM? Drop one word 👇
#NEAR #Tokenomics #Altcoins
Disclaimer: Personal view, not financial advice. DYOR.
