$NEAR Wedge Breakout โ Watch Who Gets Trapped Here ๐
Price has been compressing inside a falling wedge for weeks. Now it's pushing through the upper boundary near 1.50. That level matters. It's where a lot of late sellers parked their stop losses.
Upside trigger is a clean hold above 1.50 on the H2 close. If momentum stays, 1.60 to 1.65 becomes the next area of interest. Downside invalidation sits near 1.35. A drop back there means the breakout was a sweep, not a launch. ๐ฏ
Late shorts are already under pressure. If 1.50 holds as support on any retest, that's when trapped sellers start adding fuel to the move higher.
The risk is simple: no volume confirmation visible on this setup. A breakout without follow-through is how retail gets baited in right before a reversal. Smart money knows this level too. ๐ฅ
$NEAR is at a decision point.
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