Primary short areas (need to wait for confirmation on 3m/5m)
Entry: 1.62 – 1.65
SL: Above the latest high sweep
TPs:
TP1: 1.561
TP2: 1.521–1.531 (PDL)
Extension: Below PDL if sell-side liquidity is taken with momentum
📉 Market Context
On the 1H timeframe, NEAR remains in a clear downtrend.
Price is still below the descending 1H trendline and under the 1H Supply zone (1.62–1.65).
The recent upside move is a pullback, not a trend reversal.
🔍 Structure & Liquidity
15M structure: A short-term bullish BOS occurred, but it failed to continue.
Bearish CHoCH formed after price was rejected near resistance.
Sell-side liquidity remains below around 1.52–1.53 (PDL / weak lows).
Buy-side liquidity sits above at PDH + 1H Supply.
Volume & Open Interest
Pullback leg:
Volume does not expand meaningfully
Open Interest rises mildly or stays flat
-> Indicates weak follow-through, not a true trend reversal.
Rejection leg:
decreasing OI
-> It is short covering + distribution, not fresh long accumulation.
➡️ Market structure favors building shorts at higher prices
🔴 Short Plan
Entries: Primary short areas (need to wait for confirmation on 3m/5m):
Zone 1: 1.59 – 1.61
LTF supply + rejection area
Suitable for continuation shorts after bearish CHoCH
Zone 2: 1.62 – 1.65 (High-probability zone)
1H Supply + PDH + Strong High
Ideal area for distribution and mean-reversion shorts
StopLoss: Above the latest high sweep
🎯 Targets
TP1: 1.56
TP2: 1.52–1.53 (PDL)
Extension: Below PDL if sell-side is broken with momentum
❌ Invalidation
Clean acceptance above 1.65
1H bullish BOS → bearish bias invalidated
✍️ Written by @CryptoTradeSmart
Crypto Insights | Trading Perspectives
⚠️ DISCLAIMER:
NOT financial advice. Perpetuals trading is high risk - you can lose your entire capital. This is my personal setup for educational purposes only. Always DYOR, use strict risk management, and never risk more than you can afford to lose. You are solely responsible for your decisions.
Trade safe! 🎯