$NEAR Tries to Stabilize After Deep Sell-Off 🔍
Long Trade Signal (Scalping):
Entry 1: 1.48 – 1.46
Entry 2: 1.43 – 1.40
TP1: 1.56
TP2: 1.62
TP3: 1.70
SL: 1.36
Leverage: 20x–50x (manage risk properly)
Open Trade in Future👇🏻
Spot Traders:
Spot buying is acceptable near strong support zones. Targets are decent, but scale in slowly and avoid chasing green candles.
Why This Trade:
$NEAR has been in a clear downtrend on the daily timeframe, but price is now reacting strongly from a major demand zone around 1.40–1.45. The recent bounce shows buyers stepping in after prolonged selling, which makes short-term long scalps reasonable.
This is not a trend reversal, but a relief bounce setup. Sellers are losing momentum near lows, while downside follow-through is weakening. As long as price holds above key support, upside pullbacks are likely.
Market sentiment is mixed, but for scalping, structure matters more than narrative — and right now, risk-to-reward favors cautious longs from demand.
Support Zones:
• 1.45 – 1.40 (strong daily demand)
• 1.36 – 1.32 (last defense zone)
Resistance Zones:
• 1.56 – 1.60 (first selling pressure)
• 1.70 – 1.75 (trend resistance)
Bias stays long only above 1.40. If support breaks, no longs — wait and reassess. Trade levels, not emotions.
If you’re not following Token Talk, you’re making a mistake while others trade with structure and patience.