The NEAR long position posted on Binance Square three hours ago has already taken off🛫
NEARUSDT
Perp
1.8
+4.34%
NEAR I took a long position near 1.709 during a 4-hour cycle, simply laying out my thoughts to inspire discussion. 1. NEAR had a long bearish candle that directly dropped from above 1.8 to around 1.6. The green FVG area marked on the chart is the 'cheap chip area' left by this downturn, which can also be understood as a short-term demand zone. 2. Recently, during a wave of bottom testing: the price dropped to near the bottom of the green FVG area, showing a lower shadow + increased volume to stop the decline; simultaneously, the TD count signals of 9 and 13 overlaying the bottom indicate that the energy after continuous decline has begun to deplete, and the cost-effectiveness of shorts in this range is decreasing.
3. The current K-line structure: higher lows, starting to bounce back from the previous low; the current price has returned above 1.70, beginning the action of 'leaving the demand zone to move up.' Therefore, I entered long near 1.709, essentially: betting on a rebound to fill the upper red FVG (range 1.75–1.88) under the resonance of the 4-hour demand zone + TD bottom signal.
4. Looking at the 1-hour chart: previously, there was a continuous downward pressure along the short-term moving average, a typical bearish trend; recently, after the price consolidated at the bottom for a short period, a relatively full bullish candle appeared, which first pierced the short-term moving average ribbon; this indicates a shift from 'rolling down with the moving average' to 'first consolidating → attempting to break through the moving average.' This is crucial for me: the 4-hour already has a support logic, and the 1-hour provides a local reversal signal with the moving average turning up + the price standing above the moving average, which is when I am willing to enter at 1.709, rather than blindly catching a falling knife during the decline.
$NEAR
{future}(NEARUSDT)
3. The current K-line structure: higher lows, starting to bounce back from the previous low; the current price has returned above 1.70, beginning the action of 'leaving the demand zone to move up.' Therefore, I entered long near 1.709, essentially: betting on a rebound to fill the upper red FVG (range 1.75–1.88) under the resonance of the 4-hour demand zone + TD bottom signal.
4. Looking at the 1-hour chart: previously, there was a continuous downward pressure along the short-term moving average, a typical bearish trend; recently, after the price consolidated at the bottom for a short period, a relatively full bullish candle appeared, which first pierced the short-term moving average ribbon; this indicates a shift from 'rolling down with the moving average' to 'first consolidating → attempting to break through the moving average.' This is crucial for me: the 4-hour already has a support logic, and the 1-hour provides a local reversal signal with the moving average turning up + the price standing above the moving average, which is when I am willing to enter at 1.709, rather than blindly catching a falling knife during the decline.
$NEAR
{future}(NEARUSDT)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.