The topic is still writing about Bitwise NEAR staking ETP assets breaking 100 million, and overnight the K-line has already smashed from 4.805 down to 4.030.
Current price is about 4.39. I’m not chasing long here—wait for a pullback to around 4.45–4.52 and then try a small short position: first target 4.28, then look at 4.10; if it manages to reclaim and hold above 4.60, then this short setup is invalid.
Why: first, the milestone label is still hanging there, but the chart has already spit out that whole surge segment—AUM breaking 100 million doesn’t mean the current price is being held up; second, today’s intraday high is capped around 4.44, and the funding rate is still clinging to just positive 0.01%. The longs from that pullback haven’t fully scattered; the probability that it gets shoved up and then gets smashed again is higher.
Just my personal take—control your own position.
$NEAR
Current price is about 4.39. I’m not chasing long here—wait for a pullback to around 4.45–4.52 and then try a small short position: first target 4.28, then look at 4.10; if it manages to reclaim and hold above 4.60, then this short setup is invalid.
Why: first, the milestone label is still hanging there, but the chart has already spit out that whole surge segment—AUM breaking 100 million doesn’t mean the current price is being held up; second, today’s intraday high is capped around 4.44, and the funding rate is still clinging to just positive 0.01%. The longs from that pullback haven’t fully scattered; the probability that it gets shoved up and then gets smashed again is higher.
Just my personal take—control your own position.
$NEAR