NEAR, this bearish signal—will you dare to follow it?



$NEAR /USDT - SHORT sell

Trading plan:
Entry: 1.9413 – 1.9543
SL: 2.0099
TP1: 1.9012
TP2: 1.8701
TP3: 1.8235

Why focus on this structure?
RSI on the 15-minute chart has dropped to 33.42, close to the oversold zone. The 4-hour trend is clearly bearish; 1-hour EMA support is at 1.9478. Currently, price is within the 1.9413–1.9543 range, with the short target TP1 at 1.9012 and TP2 at 1.8701. Why now? After an oversold bounce, it may continue to dip lower, but SL is set at 2.0099, keeping the risk controlled.

Discussion:
Will this bearish move go straight to TP2, or will it bounce first to lure longs before dropping?
NEAR-6.81%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned