$NEAR Long Liquidation Shakes the Market!
💥 $5,615.9K Longs Liquidated at $4.961
The bulls just took a massive hit! This liquidation has triggered volatility, but where there’s chaos, there’s also opportunity. Let’s map out the next move for $NEAR!
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What’s Next for $NEAR?
Here’s a simple yet effective trading plan:
1️⃣ Buy Zone:
✅ Accumulate between $4.850 - $5.000.
This support range could attract buyers looking to capitalize on oversold conditions.
2️⃣ Targets:
🎯 Target 1: $5.200 – First bounce level with moderate resistance.
🎯 Target 2: $5.500 – A key breakout zone if momentum builds.
🎯 Target 3: $5.800 – Major resistance and a psychological barrier for bulls.
3️⃣ Stop Loss:
❌ Place your stop loss at $4.750.
This protects against further downside in case selling pressure intensifies.
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Market Sentiment
The liquidation at $4.961 highlights overleveraged positions being wiped out, but this could pave the way for a recovery. If $NEAR holds above $4.950 with increasing volume, we might see a bounce back.
Pro Tip: Keep a close eye on $5.00—if $NEAR reclaims and sustains this level, it could indicate a bullish reversal. Patience and risk management are key!
⚡ Will you take advantage of $NEAR’s potential recovery? The next move could define this week’s market action!
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