NEAR is being compressed between a major descending trendline and a historically strong demand zone on the 4H.
The setup is classic:
🔻 Lower highs = sustained bearish pressure
🔹 Flat support = buyer interest around $1.50–$2.00
🔄 Stoch RSI is flipping from oversold, hinting at possible relief
A clean break below this support would invalidate the setup — but if buyers defend again, we may see a sharp reversal.
⚠️ Watch for:
– Bullish divergence or high-volume bounce
– Break and retest of the trendline for confirmation
– Stop hunts below support before reversal (wick traps)
The setup is classic:
🔻 Lower highs = sustained bearish pressure
🔹 Flat support = buyer interest around $1.50–$2.00
🔄 Stoch RSI is flipping from oversold, hinting at possible relief
A clean break below this support would invalidate the setup — but if buyers defend again, we may see a sharp reversal.
⚠️ Watch for:
– Bullish divergence or high-volume bounce
– Break and retest of the trendline for confirmation
– Stop hunts below support before reversal (wick traps)
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We provide education & tools.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Try our strategy optimizer at quanttradingpro.com
Developing free strategies weekly stay tuned...
Join our discord discord.gg/2systG9frc
We provide education & tools.
Developing free strategies weekly stay tuned...
Join our discord discord.gg/2systG9frc
We provide education & tools.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.