đ NEAR PROTOCOL: SHORTS ARE GETTING SQUEEZED!
đą $55.9K in NEAR short positions liquidated at $5.058!
Bears have taken a hit near $5.058, creating a potential opening for bullish momentum. The key question now: can NEAR sustain the pressure on short sellers, or will buyers lose steam after this liquidation event?
đ NEAR Trading Radar
- Key Pivot: $5.058
- Bullish Trigger: Holding above $5.06 could encourage another push higher.
- Upside Targets: $5.12 â $5.18 â $5.25
- Support Watch: $5.00, followed by $4.95
- Invalidation Signal: A decisive move below $5.00 would weaken the bullish setup.
đŻ My Market Bias: Cautiously Bullish đą
If NEAR holds above $5.058 and buying volume strengthens, a short-covering rally toward $5.12â$5.18 becomes a possible scenario. However, if the price slips back below $5.00, bearish pressure could return.
⥠Trader's Focus: Watch whether NEAR can turn $5.058 into support before chasing a breakout. Short liquidations alone do not confirm a sustained rally.
â ïž Risk Management: Wait for price confirmation, use a stop-loss, and keep leverage under control. This is a conditional market outlook, not a guaranteed signa
#EarningsSeason #CFTCSeeksCommentOnRetailDigitalAssetFramework #EliceReboundsToDailyLimit #SwitzerlandApprovesFirstBitcoinETF #SkyAISellsAllSOLAndLaunchesCashTenderOffer
đą $55.9K in NEAR short positions liquidated at $5.058!
Bears have taken a hit near $5.058, creating a potential opening for bullish momentum. The key question now: can NEAR sustain the pressure on short sellers, or will buyers lose steam after this liquidation event?
đ NEAR Trading Radar
- Key Pivot: $5.058
- Bullish Trigger: Holding above $5.06 could encourage another push higher.
- Upside Targets: $5.12 â $5.18 â $5.25
- Support Watch: $5.00, followed by $4.95
- Invalidation Signal: A decisive move below $5.00 would weaken the bullish setup.
đŻ My Market Bias: Cautiously Bullish đą
If NEAR holds above $5.058 and buying volume strengthens, a short-covering rally toward $5.12â$5.18 becomes a possible scenario. However, if the price slips back below $5.00, bearish pressure could return.
⥠Trader's Focus: Watch whether NEAR can turn $5.058 into support before chasing a breakout. Short liquidations alone do not confirm a sustained rally.
â ïž Risk Management: Wait for price confirmation, use a stop-loss, and keep leverage under control. This is a conditional market outlook, not a guaranteed signa
#EarningsSeason #CFTCSeeksCommentOnRetailDigitalAssetFramework #EliceReboundsToDailyLimit #SwitzerlandApprovesFirstBitcoinETF #SkyAISellsAllSOLAndLaunchesCashTenderOffer