💥 #NEARUSDT : BEARISH LIQUIDATION STORM COMING -
Key Evidence:
1. Technical Collapse:
- Trading BELOW Bollinger MB (2.655) → Downtrend confirmed.
- MACD (-0.027): Bearish acceleration (DIF < DEA).
- Williams %R (-81.46): Extreme oversold but no reversal signal (liquidation cascade risk).
2. Extreme Long Trap:
- 76.98% long accounts (L.S. Acco. 3.34) → Highest long ratio in last 4 coins analyzed.
- Negative OBV (-7.09B): Massive distribution despite oversold conditions.
3. Volume & Open Interest:
- Current vol (77K) < 15% of MA(5) (530K) → Dead cat bounce in progress.
- OI (2.37M) + price drop = Liquidations fuel downside.
4. Perp Market Confirmation:
- Negative funding rate (-0.06%) → Shorts paid to hold .
- Basis (-0.00) aligns with bearish structure.
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Trade Setup:
- Entry: 2.447 (current price)
- Target: 2.332 (24h low) → 4.7% profit
- Stop Loss: 2.542 (above 24h high)
Why Ignore Oversold Signals?
▶️ Crowded longs (77%) = liquidation powder keg
▶️ No bullish divergence in MACD/RSI
▶️ Volume collapse confirms no buyer interest
> ⚡️ Critical Level: Close above 2.655 (Bollinger MB) invalidates bearish thesis.
Confidence: 90% (Highest today - perfect storm of technicals + sentiment extremes).
#NEARUSDT #BinanceSquareTalks #BearishAlert #CryptoPatience
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TL;DR: SHORT NEARUSDC targeting 2.332. Stop loss 2.542. Liquidation cascade likely within 24h.