$NEAR just made a strong move, but I’m not chasing it here.
NEAR is around $2.81, up 16%+ in 24H, with a $2.422–$2.855 range.
On 4H, structure has shifted higher from the $2.26 low, with price now above:
→ MA7: $2.622
→ MA25: $2.442
→ MA99: $2.288
That’s constructive, but price is already close to the $2.855 resistance after a sharp expansion.
What I Like
◆ Strong 4H momentum
◆ Higher-high structure
◆ Price above all key MAs
What I Don't Like
Resistance is too close, making a fresh entry here poor R:R.
My plan: WAIT.
I’d rather see a pullback toward $2.62–$2.70, followed by a clean reaction.
Support: $2.62–$2.70
Resistance: $2.855
Invalidation: ~$2.54–$2.58
No need to chase a move that has already expanded. Let price come to the level.
Does $NEAR hold $2.62–$2.70, or does momentum fade first?
#NEAR🚀🚀🚀 #Binance #cryptotrading
NEAR is around $2.81, up 16%+ in 24H, with a $2.422–$2.855 range.
On 4H, structure has shifted higher from the $2.26 low, with price now above:
→ MA7: $2.622
→ MA25: $2.442
→ MA99: $2.288
That’s constructive, but price is already close to the $2.855 resistance after a sharp expansion.
What I Like
◆ Strong 4H momentum
◆ Higher-high structure
◆ Price above all key MAs
What I Don't Like
Resistance is too close, making a fresh entry here poor R:R.
My plan: WAIT.
I’d rather see a pullback toward $2.62–$2.70, followed by a clean reaction.
Support: $2.62–$2.70
Resistance: $2.855
Invalidation: ~$2.54–$2.58
No need to chase a move that has already expanded. Let price come to the level.
Does $NEAR hold $2.62–$2.70, or does momentum fade first?
#NEAR🚀🚀🚀 #Binance #cryptotrading
