$WCT update
Post
David Warn
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Bearish🚨 $NEAR Long Liquidation Spotted – $2,061.4 at $2.369
A wave of long positions just got wiped out as $NEAR touched $2.369, triggering a liquidation of over two thousand dollars. This shakeout could be the spark before the next breakout.
Current Market Sentiment:
Panic among long holders has created a short-term bearish pressure, but such liquidations often mark local bottoms—especially when price dips into strong demand zones.
Technical Analysis
Buy Zone:
$2.18 – $2.26
This zone aligns with historical support and overlaps with recent liquidation pressure. Volume shows absorption, hinting at accumulation by smart money.
Primary Target:
$2.48 – A minor resistance and a likely bounce-back zone
$2.64 – Strong resistance from previous supply
$2.79 – Extended target if momentum builds with volume
Stop Loss:
$2.12 – Below the accumulation zone and invalidation of bullish setup
Trade Setup Insight:
The recent long liquidation flushed weak hands. If price reclaims above $2.30 with volume, it could confirm strength. Keep an eye on open interest—if it starts climbing again while price stays above $2.26, it could fuel a swift move toward our target zones.
Final Word:
Liquidations often signal opportunities. While others panic, smart traders prepare. Monitor closely—$NEAR could be setting the stage for a strong reversal.
#NEAR/USDT #BinanceAlphaAlert
A wave of long positions just got wiped out as $NEAR touched $2.369, triggering a liquidation of over two thousand dollars. This shakeout could be the spark before the next breakout.
Current Market Sentiment:
Panic among long holders has created a short-term bearish pressure, but such liquidations often mark local bottoms—especially when price dips into strong demand zones.
Technical Analysis
Buy Zone:
$2.18 – $2.26
This zone aligns with historical support and overlaps with recent liquidation pressure. Volume shows absorption, hinting at accumulation by smart money.
Primary Target:
$2.48 – A minor resistance and a likely bounce-back zone
$2.64 – Strong resistance from previous supply
$2.79 – Extended target if momentum builds with volume
Stop Loss:
$2.12 – Below the accumulation zone and invalidation of bullish setup
Trade Setup Insight:
The recent long liquidation flushed weak hands. If price reclaims above $2.30 with volume, it could confirm strength. Keep an eye on open interest—if it starts climbing again while price stays above $2.26, it could fuel a swift move toward our target zones.
Final Word:
Liquidations often signal opportunities. While others panic, smart traders prepare. Monitor closely—$NEAR could be setting the stage for a strong reversal.
#NEAR/USDT #BinanceAlphaAlert