$NEAR Likely downside targets
Target 1: 1.76 (today's low/support)
Target 2: 1.70
Target 3: 1.60–1.55 if Bitcoin and the broader crypto market remain weak.
Resistance levels
1.88
2.02 (strong resistance)
2.10–2.17
My view
At the moment, I would not open a long position. The chart doesn't show a confirmed reversal yet. For a stronger bullish signal, I'd want to see NEAR reclaim 2.00–2.05 with strong volume.
If you're considering a short, be cautious because the price is already close to support around 1.76, so the risk-to-reward becomes less attractive after such a decline. Wait for either:
a relief rally into resistance before shorting, or
a confirmed break below 1.76 with strong volume. #NEAR🚀🚀🚀
Target 1: 1.76 (today's low/support)
Target 2: 1.70
Target 3: 1.60–1.55 if Bitcoin and the broader crypto market remain weak.
Resistance levels
1.88
2.02 (strong resistance)
2.10–2.17
My view
At the moment, I would not open a long position. The chart doesn't show a confirmed reversal yet. For a stronger bullish signal, I'd want to see NEAR reclaim 2.00–2.05 with strong volume.
If you're considering a short, be cautious because the price is already close to support around 1.76, so the risk-to-reward becomes less attractive after such a decline. Wait for either:
a relief rally into resistance before shorting, or
a confirmed break below 1.76 with strong volume. #NEAR🚀🚀🚀