🧊 $NEAR / USDT – Cracks Beneath the Surface? Gravity Taking Hold 🧭📉
NEAR is currently hovering at $2.973, attempting to hold its footing below the psychological $3.00 threshold.
However, price structure on the 4H chart is deteriorating—marked by lower highs, flattening momentum, and a failure to reclaim trendline support.
The recent rejection from $3.06 now acts as a lid, and $NEAR looks poised to roll over if $2.91 gives way.
🔹 Overhead Resistance: $3.062 – Major supply shelf
🔹 Vulnerable Support: $2.906 – Line in the sand for bulls
🔻 Short Position Blueprint
Entry Zone: $2.955 – $2.985 (Entry executed at $2.973)
🎯 TP1: $2.888 – First flush zone
🎯 TP2: $2.796 – Structural retest
🎯 TP3: $2.672 – Full breakdown target
🛑 Stop Loss: $3.094 – Above the trap wick zone
🧠 Tactical Insight:
This setup favors the patient bear. If $NEAR loses $2.91 with volume confirmation, it could trigger a volatility pocket all the way down to the mid-$2.70s. Look for failed bounce attempts and weak candle closes below $2.90 for continuation.
Lock partials at TP1 and tighten your stop to protect the downside run.
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