NEAR Traders Are Being Set Up Is This the Final Trap Before DropYello Paradisers! Are you watching what’s happening with #NEAR right now? Because this move might be the last warning before a much deeper drop. We’ve spotted a series of red flags, and the chart is speaking loud and clear smart money is positioning, and it’s not on the bullish side.
💎#NEAR respected the descending resistance and failed to break above it, which confirms ongoing weakness. The price action on higher time frames shows a probable bearish structure there is a major probability for the downside move., further we have seen a clean divergence as well, as long momentum sustained within the supply zone, we can expect a further move down toward the support level of 1.616, which aligns both as a structure level and a moderate demand zone.
💎#NEAR broke lower trigger line of the buying climax (climactic action bar) with a strong momentum candle after swept the upper trigger line of buying climax. strongly suggesting that institutional players are offloading and preparing for more downside move according to volume spread analysis (VSA). We’ve seen a buying climax on the retracement, followed by a climactic action candle with ultra-high volume a textbook probability of smart money distribution.
💎If momentum holds, the probability of next major level sits around 1.49, which is a major support level that could be tested soon.
💎If #NEAR manages to break above the key resistance at 1.91 with a strong momentum candle, this whole bearish probability would be invalidated, and we could instead see a bullish continuation. As always, we let price confirm our bias.
Discipline is key, Paradisers! The charts may look volatile, but this is where professionals thrive and amateurs panic. Don’t let emotions guide your trades. Wait for clear confirmation and manage risk like a pro. Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
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