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NEAR longers’ last chance to escape?
$NEAR /USDT - Go short SHORT
Trading plan:
Entry: 1.9226 – 1.9316
SL: 1.9699
TP1: 1.8950
TP2: 1.8736
TP3: 1.8414
Why focus on this structure?
The 1-hour EMA is capping at 1.9271; the 15-minute RSI is already at 66.14, close to the overbought zone; the 4-hour trend is clearly bearish. In an intraday ranging structure, 1.9226–1.9316 is an ideal short zone, with TP1 set at 1.8950 and SL set only at 1.9699. Why now? The RSI spike and pullback is the signal.
Discussion:
Will this SHORT reach TP2 first, or will it be lured into a bull trap and stop-lossed?