$NEAR 4H Analysis: Break of Structure
$NEAR has printed a clear 4H Break of Structure (BOS) by breaking above $5.60 and hitting $5.89.
However, since breakouts can turn into fakeouts, here are the two scenarios I’m monitoring:
🔹 Scenario A (Bullish Continuation):
Price pulls back to re-test the $5.55 – $5.60 breakout zone and holds as support.
A lower-timeframe bullish rejection here confirms buyers are in control hence #buylong
• Upside Targets: $5.90 / $6.10 / $6.50
• Invalidation: 4H close below $5.15
🔹 Scenario B (Failed BOS / Fakeout):
Price loses $5.55 and closes back inside the consolidation range.
This signals a sweep of buy-side liquidity before a deeper correction.
• Downside Targets: $5.18 (25 EMA) / $4.82 (100 EMA) as you can see below.
💡 Trading Tip: Never chase green candles at the high. Wait for the market to confirm support at the broken level before taking risk.
⚠️ Not financial advice (NFA). Always follow strict risk management.
$NEAR
#cryptotrading
#TetherFreezesUSDTLinkedToLedgerTheft
$NEAR has printed a clear 4H Break of Structure (BOS) by breaking above $5.60 and hitting $5.89.
However, since breakouts can turn into fakeouts, here are the two scenarios I’m monitoring:
🔹 Scenario A (Bullish Continuation):
Price pulls back to re-test the $5.55 – $5.60 breakout zone and holds as support.
A lower-timeframe bullish rejection here confirms buyers are in control hence #buylong
• Upside Targets: $5.90 / $6.10 / $6.50
• Invalidation: 4H close below $5.15
🔹 Scenario B (Failed BOS / Fakeout):
Price loses $5.55 and closes back inside the consolidation range.
This signals a sweep of buy-side liquidity before a deeper correction.
• Downside Targets: $5.18 (25 EMA) / $4.82 (100 EMA) as you can see below.
💡 Trading Tip: Never chase green candles at the high. Wait for the market to confirm support at the broken level before taking risk.
⚠️ Not financial advice (NFA). Always follow strict risk management.
$NEAR
#cryptotrading
#TetherFreezesUSDTLinkedToLedgerTheft