The $NEAR /USDT chart presents a bearish outlook. Let's break down the key points:

Bollinger Bands

The price is currently trading below the middle band (MB), indicating a potential downtrend.

The lower band (DN) acts as a dynamic support level. If the price breaks below this level, it could signal a stronger bearish momentum.

Support and Resistance

Immediate Support: The 4.960 level is the immediate support level. If the price breaks below this level, it could signal a potential short-term correction.

Strong Support: The 4.084 level is a stronger support level. If the price breaks below this level, it could indicate a bearish reversal.

Immediate Resistance: The 5.547 level is the immediate resistance level. If the price breaks above this level, it could signal a potential bullish reversal.

Entry Signal

Based on the current chart pattern and Bollinger Band analysis, a potential entry signal could be:

Sell Signal: If the price breaks below the immediate support level of 4.960, it could signal a stronger bearish momentum. A stop-loss order could be placed above the immediate resistance level of 5.547.#USInflationAboveTarget #CPIUpdateOctober #TrumpNominatesMuskDOGE #MidNovemberMarket #Write2Earn!