$NEAR Rejection from Supply Zone â Bearish Play in Motion! đšđ
NEAR Protocol (NEAR), a blockchain platform designed for scalability and usability, just faced strong resistance at the $2.19â$2.22 supply zone (blue), with price showing clear rejection signs such as long upper wicks and repeated failures to close above this level! âđ These rejection signs indicate sellers stepping in and preventing further upward movement.
Now trading at $2.14, weâre eyeing a short setup targeting the $2.07 support zone (green) due to strong historical buying interest and recent bearish momentum signaled by the RSI! đŻđ°
đ Institutional investors are closely monitoring this trendâare you? Donât miss this clear upward price movement! Remember to set your stop loss above the supply zone to manage risk effectively. Stay disciplined and monitor volume for confirmation of the bearish momentum. Happy trading!
DYOR
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