$NEAR has broken key support and is now trading below previous structure, signaling strong selling pressure! Expecting further downside continuation towards lower support levels!
📊 Trade Setup:
📌 Entry: Short on retest of $2.87 - $2.88 resistance 🎯 TP1: $2.72 ✅ (First Target) 🎯 TP2: $2.65 📉 (Extended Target) 📍 Stop-Loss: Above $2.95 (Invalidation Level)
🔹 Why This Trade?
✅ Support Breakdown – Price has slipped below key structure! ✅ Retest Play – A rejection from previous support now turned resistance confirms downside! ✅ Momentum Favors Bears – Lower highs and strong sell pressure in play!
🚨 Trade Management Tips: 🔹 Wait for a retest before entering to get a better risk-reward. 🔹 Move SL to breakeven once TP1 is hit – secure profits! 🔹 Let the rest of the trade run to maximize gains!
⚡️ Bears, are you riding this move? Comment “SHORT” 📉 if you’re in!