Resistance is holding for now... but bears need confirmation to stay in control.
$NEAR /USDT – SHORT
Trade Plan
Entry: $2.350 – $2.375
SL: $2.420
TP1: $2.250
TP2: $2.120
TP3: $2.010
Why This Setup?
4H Structure: NEAR is trading directly beneath a major resistance zone, where previous rallies have struggled to gain follow-through.
Price Positioning: Multiple tests of the $2.376 area without a decisive breakout suggest sellers are actively defending this level.
Daily Context: The broader market remains at a key decision point. Failure to reclaim resistance could trigger a rotation back toward lower liquidity zones.
RSI Context: Momentum is approaching an overextended area on lower timeframes, increasing the probability of a short-term cooldown.
Volume Behavior: Buying pressure has slowed near resistance, while sellers are beginning to appear around the local highs.
As long as $2.376 remains unbroken, the risk/reward favors a short-term bearish retracement toward support levels.
Debate:
Is this resistance rejection the start of a deeper pullback toward $2.01...
Or are bears about to get trapped by a breakout above $2.376?
Click Trade here 👇
