NEARUSDT.P / SHORT / M15
2024-11-14

NEARUSDT Potential Fall from the Bearish Order Block 

Bearish Order Block: 5.417 and 5.379

Analysis: NEARUSDT is currently in a downtrend, and the identified bearish order block between 5.417 and 5.379 presents a strong zone for potential price reversal. This recent upward movement appears to be a corrective phase within the downtrend, aligning with the order block level and increasing the likelihood of a decline.

The price is expected to react to this zone as it aligns with bearish pressure from the prevailing trend, suggesting a significant probability of downward movement. The bearish order block represents a likely area where institutional sellers could enter, pushing the price down.

This setup is based on Smart Money Concepts (SMC), which has shown high accuracy in identifying key market reversals. Given these conditions, the trade has a strong chance of moving in our anticipated direction. Let’s see how the price reacts here for confirmation of our bearish outlook.

NEARUSDT.P / SHORT / M15
Leverage :- 35x
Entry Price :- 5.378
Take Profit :- 5.259
Stop Loss   :- 5.497