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$NEAR Short 75x — rejection zone holding, now market needs confirmation.
NEAR is reacting strongly from the 1.54111–1.55289 supply area, and I’ve taken a Short 75x isolated position.
Trade Plan:
Entry: 1.54111 – 1.55289
TP1: 1.51164 (R:R 1:1.0)
TP2: 1.49986 (R:R 1:1.3)
TP3: 1.47629 (R:R 1:2.0)
SL: 1.58235
Why this setup?
4H structure still favors downside continuation while price rejects key resistance near 1.54700.
15m RSI at ~39 shows momentum still has room to extend lower before oversold exhaustion.
Volume is relatively weak on the upside (0.29x), suggesting sellers are currently in control rather than buyers absorbing.
Bias remains: bearish continuation unless 1.56+ is reclaimed cleanly.
Let’s see if sellers follow through or if this turns into another range trap.
#GateSquareMayTradingShare