$NEAR LIQUIDITY ALERT: BIDS PULLED AT $4.00
If you are watching $NEAR test the $4.00 psychological support right now, pay close attention to the spot orderbook delta!
The As price tagged $4.00, the 15m liquidity delta printed a massive -$467.61K red bar.
What it means: Bids are being pulled and asks are stacking. The green absorption delta we saw on the way down from $4.40 has completely vanished. Market makers are not defending this level confidently right now.
Do not try to catch this falling knife blindly. If $4.00 breaks with this kind of negative spot delta, we could see a rapid flush.
Let the orderbook stabilize and wait for fresh bids to step in before taking a long position!
#Near
If you are watching $NEAR test the $4.00 psychological support right now, pay close attention to the spot orderbook delta!
The As price tagged $4.00, the 15m liquidity delta printed a massive -$467.61K red bar.
What it means: Bids are being pulled and asks are stacking. The green absorption delta we saw on the way down from $4.40 has completely vanished. Market makers are not defending this level confidently right now.
Do not try to catch this falling knife blindly. If $4.00 breaks with this kind of negative spot delta, we could see a rapid flush.
Let the orderbook stabilize and wait for fresh bids to step in before taking a long position!
#Near
