Bearish Structure Develops on NEAR

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After reacting to the swap supply zone, the price moved downward and formed a bearish CH.

In addition, an important short-term bullish trendline has also been broken.

With a pullback toward the upper zones, we expect NEAR to lose its bullish structure and move toward the specified targets.

You can enter the position either within the supply zone after confirmation or gradually using a DCA strategy.

Take partial profit at the first target and then move your stop loss to breakeven.

A 4 hour candle close above the invalidation level will invalidate this analysis.

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What is your opinion about NEAR?

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