$NEAR BEARS TAKING CONTROL AFTER STRONG PUMP
$NEAR showed an explosive bullish rally from the 1.78 zone toward the 2.30 resistance area, but momentum is now slowing down with visible rejection candles forming near the top.
The current price action suggests a possible short-term pullback after the aggressive move up. Sellers are defending the 2.30 resistance strongly, while buyers are losing momentum on the 1H timeframe.
If price fails to reclaim 2.30, a correction toward lower support zones becomes highly likely.
Short trade setup: • Entry Zone: 2.22 — 2.25
• Targets: 2.18 — 2.12
• Major Support: 2.10
Resistance levels: • 2.30
• 2.33
The structure still remains bullish on the higher timeframe, but locally the market looks overheated and ready for a cooldown move before the next major direction.
Trade with proper risk management and avoid overleveraging during high volatility.
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