#Near #NEAR๐๐๐ #NearBullish #NEARUSDT #Nearprice $NEAR
๐ Indicator Analysis
EMA (7 vs 25):
EMA(7) = 1.7054
EMA(25) = 2.8589
Current price = 1.0450 (well below both EMAs) โ strong bearish bias, trend is down.
MACD (12, 26, 9):
MACD Line = -0.5068
Signal Line = -0.7358
Histogram = -0.2295 (negative, but slightly narrowing) โ bearish momentum, though possible slowing.
RSI:
RSI(6) = 23.97 (oversold zone)
RSI(12) = 37.61
RSI(24) = 46.41
Short-term RSI is deeply oversold โ potential for a relief bounce, but long-term RSI still below neutral.
Volume:
February shows high volume with a -13.34% drop โ strong selling pressure, but could also signal capitulation.
๐ Candle Pattern
February 2026 candle:
Large red body, long range (33%) โ strong bearish continuation.
No clear reversal pattern yet (no hammer, engulfing, or doji visible).
Market still trending down after prolonged weakness.
โ๏ธ Trade Setup Suggestion
Bias: Bearish trend remains intact.
Short-term: Oversold RSI suggests a possible small bounce/retracement, but not confirmed by candle patterns yet.
Medium-term: Price below EMAs and MACD negative โ trend favors sell/short positions.
Risk Management:
If shorting โ entry near 1.05โ1.10, stop above 1.70 (EMA7), target 0.80โ0.85.
If waiting for reversal โ look for bullish candle confirmation (hammer/doji) + RSI recovery above 40 before considering buys.
โ My Recommendation
Right now, selling/shorting is safer because the trend is clearly down.
However, if youโre risk-averse, better to wait for a bullish reversal signal before buying โ donโt try to catch the falling knife.