🚨 NEAR SHORTS JUST GOT HIT!
💥 $150K Short Liquidated at $4.718
NEAR is currently trading around $4.70–$4.71, while derivatives activity remains elevated. CoinGlass shows roughly $1.4B in NEAR open interest, highlighting a heavily leveraged market.
📍 Key Levels to Watch
• $4.61 — immediate support / recent 24H low
• $4.72–$4.75 — important reclaim zone
• $5.00–$5.06 — upside liquidity & resistance area
🔥 Liquidation data currently shows a sizeable short-liquidation cluster around $4.75, which means a sustained push above this area could accelerate short covering.
🎯 My Market Read
Bullish only while $4.61 holds.
If NEAR reclaims $4.75 with strong volume, momentum could extend toward $5.00+.
But if $4.61 breaks decisively, the bullish setup weakens and another downside move becomes possible.
⚠️ Signal bias: Watch the breakout/rejection — don’t chase the first candle.
Manage leverage and risk carefully; liquidation zones can shift rapidly.
#CerebrasSinksNearly20%OnReportNvidiaToPowerOpenAI #SECProposesCryptoCustodyRules #SECApproves3xLongCryptoCommodityETPs #G7PlansToReleaseUpTo100MBarrelsOilDiesel #ICBASuesOCCOverCryptoBankCharters
💥 $150K Short Liquidated at $4.718
NEAR is currently trading around $4.70–$4.71, while derivatives activity remains elevated. CoinGlass shows roughly $1.4B in NEAR open interest, highlighting a heavily leveraged market.
📍 Key Levels to Watch
• $4.61 — immediate support / recent 24H low
• $4.72–$4.75 — important reclaim zone
• $5.00–$5.06 — upside liquidity & resistance area
🔥 Liquidation data currently shows a sizeable short-liquidation cluster around $4.75, which means a sustained push above this area could accelerate short covering.
🎯 My Market Read
Bullish only while $4.61 holds.
If NEAR reclaims $4.75 with strong volume, momentum could extend toward $5.00+.
But if $4.61 breaks decisively, the bullish setup weakens and another downside move becomes possible.
⚠️ Signal bias: Watch the breakout/rejection — don’t chase the first candle.
Manage leverage and risk carefully; liquidation zones can shift rapidly.
#CerebrasSinksNearly20%OnReportNvidiaToPowerOpenAI #SECProposesCryptoCustodyRules #SECApproves3xLongCryptoCommodityETPs #G7PlansToReleaseUpTo100MBarrelsOilDiesel #ICBASuesOCCOverCryptoBankCharters