$NEAR This price action is getting interesting. The price is 4.338, just a hair above the 24-hour low of 4.284. The last few hourly candles have seen a clear surge in volume, but futures open interest is falling. This isn't dip-buying—someone's heading for the exits.
The large-trader long/short ratio is still holding at 2.38. It looks like the bulls aren't giving up, but actual order flow shows more selling than buying, and long stop-losses are getting squeezed.
I'm siding with the bears. I'm not catching a falling knife. Let's give it 24 hours: which comes first, 4.284 or 4.81? My bet is that 4.284 breaks first. If it can't hold, things could get uglier from there.
Are you holding, have you gotten out, or are you waiting on the sidelines?
#NEAR #PublicBlockchain
The large-trader long/short ratio is still holding at 2.38. It looks like the bulls aren't giving up, but actual order flow shows more selling than buying, and long stop-losses are getting squeezed.
I'm siding with the bears. I'm not catching a falling knife. Let's give it 24 hours: which comes first, 4.284 or 4.81? My bet is that 4.284 breaks first. If it can't hold, things could get uglier from there.
Are you holding, have you gotten out, or are you waiting on the sidelines?
#NEAR #PublicBlockchain
