$NEAR ~ ๐ดShort, is down -5.69% on the day, still below the broken 4H structure, with positive funding and long accounts still crowded. That makes the cleaner trade a short from resistance, not a short chased into local support.
Direction: ๐ดShort 10x | Medium
โถ๏ธ Entry range 5.10 - 5.13
๐ซSL 5.18
๐๏ธTP1 5.03
๐๏ธTP2 4.95
๐๏ธTP3 4.89
Why the invalidation matters: above 5.16-5.18, NEAR reclaims the lower-high / breakdown shelf and the short thesis becomes trapped-bear risk instead of continuation.
Evidence: OI is still elevated around 52.5M NEAR, funding is positive, long-short ratio is about 1.49, and top traders are also net long. BTC is only mildly green and coiling, not strong enough to rescue weak alts by itself.
Do not short market at 5.06. Clean trade is the bounce-rejection from supply. Always DYOR
Direction: ๐ดShort 10x | Medium
โถ๏ธ Entry range 5.10 - 5.13
๐ซSL 5.18
๐๏ธTP1 5.03
๐๏ธTP2 4.95
๐๏ธTP3 4.89
Why the invalidation matters: above 5.16-5.18, NEAR reclaims the lower-high / breakdown shelf and the short thesis becomes trapped-bear risk instead of continuation.
Evidence: OI is still elevated around 52.5M NEAR, funding is positive, long-short ratio is about 1.49, and top traders are also net long. BTC is only mildly green and coiling, not strong enough to rescue weak alts by itself.
Do not short market at 5.06. Clean trade is the bounce-rejection from supply. Always DYOR