$NEAR — Oversold Opportunity? 📉
NEAR is testing a major support zone after dropping -6%. The price is extended far below the Moving Averages, suggesting a potential "snap back" relief rally is due.
📉 TRADE SETUP (Long/Reversal)
🟢 ENTRY: 1.46 - 1.49 (Current Support)
🛑 STOP LOSS: 1.38 (Strict)
🎯 TARGET 1: 1.595 (MA7 Resistance)
🎯 TARGET 2: 1.75 (MA25 Trendline) 🚀
💡 Why?
The selling pressure is intense, but we are at the bottom of the range. A bounce from $1.46 targets a mean reversion to the MA7 line for a quick profit.
