The current retracement for $NEAR may seem positive, but behind this move there’s a very important point to pay attention to.
Price bounced from the FVG zone at $4.75 after breaking the uptrend, then returned to test the breakout zone at $5.07 – $5.15.
The problem is that this rise is not supported by genuine spot liquidity; the current move looks more driven by the liquidation of short contracts opened when the trend broke.
What’s most dangerous right now is that traders have started opening Longs from these areas to benefit from the retracement, while the Spot CVD is still negative.
Here, the retracement could turn into a Bull Trap if real spot demand doesn’t appear to support the price.
So I see this phase as high-risk. I’m monitoring the following DCA levels instead of chasing the price:
$4.00 → $3.80 → $3.50 → $3.20
As for reclaiming the uptrend, it first requires clear spot demand to show up, along with a strong close back above $5.20.
Without that, the current retracement remains vulnerable to further correction.
Price bounced from the FVG zone at $4.75 after breaking the uptrend, then returned to test the breakout zone at $5.07 – $5.15.
The problem is that this rise is not supported by genuine spot liquidity; the current move looks more driven by the liquidation of short contracts opened when the trend broke.
What’s most dangerous right now is that traders have started opening Longs from these areas to benefit from the retracement, while the Spot CVD is still negative.
Here, the retracement could turn into a Bull Trap if real spot demand doesn’t appear to support the price.
So I see this phase as high-risk. I’m monitoring the following DCA levels instead of chasing the price:
$4.00 → $3.80 → $3.50 → $3.20
As for reclaiming the uptrend, it first requires clear spot demand to show up, along with a strong close back above $5.20.
Without that, the current retracement remains vulnerable to further correction.
