NEAR is still moving in a strong downward trend. The price is far below MA7, MA25, and MA99, indicating that selling pressure is still dominant. The structure of lower highs and lower lows has not been broken, so the current bounce is only a technical correction.
Entry SHORT 1.75 to 1.95
This area is a resistance and supply zone. As long as the price fails to reclaim MA25, the short scenario remains safer.
Target Profit
TP1 1.55
TP2 1.35
TP3 1.10
Stop Loss 2.10
Bias and Notes
Bearish bias as long as the price is below MA25.
Avoid FOMO long.
Focus on selling on strength and disciplined risk management.
NEARUSDT
Perp
1.654
+1.28%