$NEAR : Bearish Divergence Spotted on Downside Targets Ahead
SHORT SETUP NEAR
Entry: $4.5500 - $4.6000
Stop Loss: $4.7400
Take Profit: $4.2450 (2R)
Key Levels: Support $4.3010 | Resistance $4.6140
Technical Analysis for $NEAR : Price sits well below EMA9/21/50, confirming bearish momentum. RSI 29 and Stochastic K 16 signal oversold conditions but the strong ADX (38) keeps the downtrend intact. A short entry around 4.554.60 targets the 4.30 support, with SL near 4.74. Watch a break above 4.61 to invalidate. SHORT bias targets continuation toward support, with resistance as the invalidation level.
Market Context: BTC is in a bearish 4H trend and the broader market is broadly negative, reinforcing the short bias for NEAR.
SHORT $NEAR
SHORT SETUP NEAR
Entry: $4.5500 - $4.6000
Stop Loss: $4.7400
Take Profit: $4.2450 (2R)
Key Levels: Support $4.3010 | Resistance $4.6140
Technical Analysis for $NEAR : Price sits well below EMA9/21/50, confirming bearish momentum. RSI 29 and Stochastic K 16 signal oversold conditions but the strong ADX (38) keeps the downtrend intact. A short entry around 4.554.60 targets the 4.30 support, with SL near 4.74. Watch a break above 4.61 to invalidate. SHORT bias targets continuation toward support, with resistance as the invalidation level.
Market Context: BTC is in a bearish 4H trend and the broader market is broadly negative, reinforcing the short bias for NEAR.
SHORT $NEAR