๐จ$NEAR just dumped after losing 1.66๐ปCareful here.๐จ
We had a clean horizontal support around 1.66โ1.68 (red line).
Price respected this level multiple times โ strong demand zone.
โ What went wrong?
A strong bearish candle broke support with momentum, confirming:
Support โ turned into resistance
Sellers fully in control
Liquidity swept below the range
๐ After the breakdown:
Fast impulsive drop
Small consolidation near 1.55โ1.58
Market is currently accepting lower prices
๐ Key Levels to Watch:
Resistance: 1.66 โ 1.70 (previous support)
Current range: 1.55 โ 1.58
Next support: ~1.48 โ 1.50
โ ๏ธ Trading Insight:
Buying before reclaiming 1.66 is risky
Best confirmation = break & close back above old support
Until then โ trend remains bearish
๐ Remember: Support breaks donโt mean instant buys โ they mean patience.
