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Is NEAR’s rebound a trap or a launch?
$NEAR /USDT - SHORT sell
Trading plan:
Entry: 1.9401 – 1.9533
SL: 2.0101
TP1: 1.8991
TP2: 1.8674
TP3: 1.8199
Why focus on this setup?
- The 1-day trend is clearly a range-bound market, and the 4-hour direction points to SHORT; the time window is already open.
- The 15-minute RSI is 58.97, close to the overbought edge, with less resistance for a short.
- Current price is 1.9467, exactly at the entry reference level; TP1 targets 1.8991, with controlled risk.
Discussion:
Will this move reach TP1 first, or will it need to break the prior low? What do you think?