NEAR · 1H · DOWNTREND

Both targets from my last short read — 3.32 and 3.27 — were reached, so that thesis is fully spent. Price has since continued lower, now printing 3.14, and the daily trend is unambiguously down with lower highs and lower lows across the entire window. The structure here is clean bearish continuation: no meaningful bounce, no base forming, just a staircase of lower highs grinding through the right edge of the chart. I'm not looking for a long — the daily trend outranks any counter-trend read, and there's no broken structure below to anchor one anyway.

The short from my last read ran through both targets and kept going, which tells me the sellers are not done. The dense liquidation cluster sitting at 3.21 above current price is now acting as a lid — that's where stops on new shorts are stacked and where any bounce is likely to stall. Below, the nearest clusters are at 3.12 (dense, essentially current price) and 2.94–2.96 further down. Price is pressing through the 3.12 zone right now, and if it clears with a closed candle below, the next magnet is 2.94–2.96.