$NEAR remains bullish, showing a clear sequence of higher | WangLin_抄底 on Binance Square

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Bullish

$NEAR remains bullish, showing a clear sequence of higher highs (5.57, 5.59, 5.93) and higher lows (4.54, 4.63, 5.16)

• However, severe exhaustion is already evident: the vertical rally to 5.93 diverged sharply from aggregate CVD (-130.84M), indicating spot selling into leveraged longs

• The 4-hour EMA20 is at 5.45 (major dynamic support), while the 1-hour EMA20 is at 5.70, acting as immediate support

• The spot-perpetual spread is -0.05%, confirming weak spot demand behind the derivatives-driven rally and creating crowded long positions

· $NEAR long setup (65% priority)
· Long entry: 5.65 - 5.70 (retest of the 1-hour EMA20)
· Stop-loss: below 5.45 (below the 4-hour EMA20)
· Take-profit: 6.10 (initial extension), 6.35 (Fibonacci level)

$NEAR short setup (35% priority): capitalize on the bearish CVD divergence and profit-taking after the recent vertical rally.
· Short entry: 5.90 - 6.00 (rejection at the psychological resistance of 6.00)
· Stop-loss: > 6.1
· Take-profit: 5.60-5.50

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WangLin_抄底

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Bearish

$NEAR remains bullish but is overbought. The huge rejection wick at 5.90, along with bearish CVD divergence (-129.38M NEAR), suggests aggressive buyers are trapped at the top. A mean reversion to EMA20 is highly likely.

· Price is currently significantly extended above EMA20 (around 5.30), indicating highly overbought conditions in the medium term.

· CVD - Aggregated is at -129.38M NEAR, showing clear bearish divergence. While price has surged aggressively, aggregate buying pressure has declined, suggesting this rally is driven by a liquidity grab or short squeeze rather than broad market accumulation.

· The spot-perpetual spread is -0.02%, indicating that spot is leading the move while perpetual contracts are trading at a discount.

$NEAR Short Scenario (70% priority)

· Short entry: 5.75 - 5.85
· Stop-loss: Above 6.13
· Take profit 1: 5.44 (immediate support)
· Take profit 2: 5.16 (structurally higher low)

$NEAR Long Scenario (30% priority)

· Rationale: However, the negative spot-perpetual spread (-0.02%) indicates that spot buyers are still present. Valid only if price reclaims 5.80 alongside increased volume.
· Long entry: 5.40 - 5.50 (deep pullback to the previous breakout zone)
· Stop-loss: Below 5.15
· Take profit 1: 5.90 (retest of the recent swing high)
· Take profit 2: 6.00 (psychological resistance)

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Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.