$NEAR IS SCREAMING FOR A SHORT โ THE TREND IS NOT YOUR FRIEND HERE ๐ฅ
Entry: 2.025 ๐ฅ
Target: 2.004 ๐
Stop Loss: 2.067 โ ๏ธ
Price keeps printing lower highs and the EMA20 and EMA50 are both stacked above current price โ textbook bearish structure on the higher timeframe. The RSI is set up for a reversal, and weโre sitting right in a supply zone thatโs rejected bids twice this week.
Volume is already dropping on those small bounces, which tells me distribution is happening. You already in this short or still waiting for confirmation?
Not financial advice. Always manage your risk.
#NEAR #ShortSetup #Bearish #Crypto
๐ฅ
Entry: 2.025 ๐ฅ
Target: 2.004 ๐
Stop Loss: 2.067 โ ๏ธ
Price keeps printing lower highs and the EMA20 and EMA50 are both stacked above current price โ textbook bearish structure on the higher timeframe. The RSI is set up for a reversal, and weโre sitting right in a supply zone thatโs rejected bids twice this week.
Volume is already dropping on those small bounces, which tells me distribution is happening. You already in this short or still waiting for confirmation?
Not financial advice. Always manage your risk.
#NEAR #ShortSetup #Bearish #Crypto
๐ฅ