NEAR / TetherUSShort
NEAR preparing for another leg down?
Near broke out of the bearish flag formed on the DTF and the nearby horizontal support initiated a recovery leading to the usually anticipated retest of the former support now turned resistance and the flag boundary. I believe the recovery will break down either from this retest or the sell pressure from the order blocks ahead or an encounter with the resistance of a 5 months old bearish channel . The big question is can this anticipated breakdown survive the WTF support that initiated the ongoing retest?
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