$NEAR Long Liquidation Update
Long positions totaling $4.3378K were liquidated at $1.552, clearing late leverage and resetting short-term positioning.
Market Structure
Price is stabilizing around the liquidation zone, indicating selling pressure is being absorbed rather than expanding. This reset keeps the bullish breakout scenario intact if support holds.
Key Levels
Support: $1.55 – $1.50
Resistance: $1.62 → $1.72
Bullish Trade Setup
Entry: Break and hold above $1.62, or a clean reclaim from the $1.55 support zone
Targets:
TP1: $1.72
TP2: $1.85
Stop Loss: Below $1.47
Market Sentiment
The liquidation flushed weak longs and improved risk conditions. If buyers defend support and volume expands above resistance, momentum can rotate back in favor of bulls.
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