NEAR bulls have already laid down arms—contract open interest evaporated 4.9% in a single day, and the price is still below the moving averages. This is called bear capitulation. The main force is cutting losses and exiting—it's not a washout. Short directly at 4.33. The first target is 4.02—hold it steady. Place a stop-loss at 4.81; if it breaks, it’s just a fakeout. But four consecutive bearish candles on the 1-hour chart have already given away the direction—don’t fantasize about a reversal.