🩸 $NEAR — $2.20 Downside Target
I'm watching $NEAR for a deeper correction toward the $2.00–$2.50 yellow box, with $2.20 as my target.
On the weekly chart, this zone acted as a major consolidation area for months before NEAR broke out and rallied toward $5.80.
Now, after that sharp rally, price is pulling back.
If selling pressure continues and NEAR loses its current support, I expect price could move lower toward the yellow box.
My downside scenario: A breakdown of intermediate support could accelerate the correction toward $2.50, with $2.20 as my target and $2.00 as the lower end of the zone.
However, this area previously acted as resistance and could now attract buyers. A strong bullish reaction could invalidate the short-term bearish idea.
I'm watching how price approaches and reacts to this zone.
100x shorts always needs to trade with proper risk management.
Trade Here 👇🏻
I'm watching $NEAR for a deeper correction toward the $2.00–$2.50 yellow box, with $2.20 as my target.
On the weekly chart, this zone acted as a major consolidation area for months before NEAR broke out and rallied toward $5.80.
Now, after that sharp rally, price is pulling back.
If selling pressure continues and NEAR loses its current support, I expect price could move lower toward the yellow box.
My downside scenario: A breakdown of intermediate support could accelerate the correction toward $2.50, with $2.20 as my target and $2.00 as the lower end of the zone.
However, this area previously acted as resistance and could now attract buyers. A strong bullish reaction could invalidate the short-term bearish idea.
I'm watching how price approaches and reacts to this zone.
100x shorts always needs to trade with proper risk management.
Trade Here 👇🏻
