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NEAR at this level of 1.89—what are the bulls betting on?
$NEAR /USDT - Going SHORT to short
Trading plan:
Entry: 1.89 – 1.89
SL: 1.93
TP1: 1.86
TP2: 1.84
TP3: 1.81
Why focus on this structure?
On the 4H timeframe, signals point to SHORT, while the 1D trend is still consolidating. RSI on 15M is 53.95, not oversold, and rebounds lack strength.
- Entry at 1.89, TP1 1.86, TP2 1.84, SL 1.93.
- Why now? Within the range, 1.89 is already a resistance level, and shorts have room.
- If it breaks 1.93, we switch to longs for ALT, but the probability is low.
Discussion:
In this move, will the shorts first hit TP2, or will they fake a rally to 1.94 and then dump?