Short $NEAR at 3.536–3.554 on the 4H. Let's see if sellers step in.
Watching if this zone holds. Sellers need to defend 3.55 to keep the trend down. A close above 3.65 changes the game.
The case:
• 4H price at 3.54, below EMA50 at 3.67, trend's still down.
• Stop just 2.9% away, TP3 targets 3.38, that's 1.6R if it plays out.
• RSI at 59 on the 1H, no signs of being stretched.
SHORT 3.536–3.554
TP 3.483 / 3.442 / 3.381
SL 3.648
What's your take on this level?
Not advice, size it yourself.
Watching if this zone holds. Sellers need to defend 3.55 to keep the trend down. A close above 3.65 changes the game.
The case:
• 4H price at 3.54, below EMA50 at 3.67, trend's still down.
• Stop just 2.9% away, TP3 targets 3.38, that's 1.6R if it plays out.
• RSI at 59 on the 1H, no signs of being stretched.
SHORT 3.536–3.554
TP 3.483 / 3.442 / 3.381
SL 3.648
What's your take on this level?
Not advice, size it yourself.
