đ $NEAR /USDT: Liquidity Withdrawal and Risk of Local Pullback
$NEAR showed strong momentum (+15%), breaking through the $2.60 level and reaching a local high of $2.619. However, technical and derivative indicators signal that the market is overheating:
Long Overload: Over 73% of top tradersâ positions are fixed in Long. The market is too one-sided, which creates the risk of a âlong squeezeâ.
Whales in Profit: Long whales have over +92% profitability (average entry $2.17) and may start taking profits.
Imbalance with EMA: The price deviated strongly from the EMA(10) ($2.47), which increases the probability of a correction.
đŠ Trading Levels:
đŽ Resistance / Sell Zone: $2,620 â $2,660 (Stop-Loss: $2,710)
đą Support / Buy Zone: $2,420 â $2,480 (Stop-Loss: $2,360)
Short Targets (TP): $2,500 / $2,420
â ïž Buying at the very peak after +15% is risky. It is optimal to wait for either a confirmed setup for a short from resistance, or a pullback to support for a long.
$NEAR showed strong momentum (+15%), breaking through the $2.60 level and reaching a local high of $2.619. However, technical and derivative indicators signal that the market is overheating:
Long Overload: Over 73% of top tradersâ positions are fixed in Long. The market is too one-sided, which creates the risk of a âlong squeezeâ.
Whales in Profit: Long whales have over +92% profitability (average entry $2.17) and may start taking profits.
Imbalance with EMA: The price deviated strongly from the EMA(10) ($2.47), which increases the probability of a correction.
đŠ Trading Levels:
đŽ Resistance / Sell Zone: $2,620 â $2,660 (Stop-Loss: $2,710)
đą Support / Buy Zone: $2,420 â $2,480 (Stop-Loss: $2,360)
Short Targets (TP): $2,500 / $2,420
â ïž Buying at the very peak after +15% is risky. It is optimal to wait for either a confirmed setup for a short from resistance, or a pullback to support for a long.
