$NEAR 4.73 USDT: Relentless buying pressure, with the Long side completely dominating.
Derivatives data:
• Top Trader L/S: 2.39 (70.5% heavily Long).
• Futures OI: 249.8M USDT (liquidity is extremely compressed at the 24-hour high).
• Key resistance: 4.85 USDT | Support: 4.55–4.60 USDT.
Scenario: As price approaches 4.85 resistance, it may sweep the wicks and shake out FOMO Longs before breaking higher. Don’t chase the train—waiting to scoop up the dip around 4.58 USDT would be safer.
Are you holding your Longs or taking profit and waiting on the sidelines?
$NEAR $BTC #Crypto #BinanceSquare #Trading
Derivatives data:
• Top Trader L/S: 2.39 (70.5% heavily Long).
• Futures OI: 249.8M USDT (liquidity is extremely compressed at the 24-hour high).
• Key resistance: 4.85 USDT | Support: 4.55–4.60 USDT.
Scenario: As price approaches 4.85 resistance, it may sweep the wicks and shake out FOMO Longs before breaking higher. Don’t chase the train—waiting to scoop up the dip around 4.58 USDT would be safer.
Are you holding your Longs or taking profit and waiting on the sidelines?
$NEAR $BTC #Crypto #BinanceSquare #Trading