$NEAR AT $5: SPOT BUYERS ARE STILL IN CONTROL
$NEAR is testing the $5.00 psychological level, and the flow data looks strong.
Spot flows are green across every timeframe, with around +$1.32M in the last hour and +$1.33M over 4H.
At the same time, the earlier -$14.19M futures flush cleared a lot of weak leverage. Now 1H futures have flipped back positive at +$1.94M.
The key level is $5.007. If $NEAR breaks above it and holds, the next area I’m watching is $5.40–$5.50.
Spot is doing the heavy lifting here. I wouldn’t want to fight that flow.
#Near
$NEAR is testing the $5.00 psychological level, and the flow data looks strong.
Spot flows are green across every timeframe, with around +$1.32M in the last hour and +$1.33M over 4H.
At the same time, the earlier -$14.19M futures flush cleared a lot of weak leverage. Now 1H futures have flipped back positive at +$1.94M.
The key level is $5.007. If $NEAR breaks above it and holds, the next area I’m watching is $5.40–$5.50.
Spot is doing the heavy lifting here. I wouldn’t want to fight that flow.
#Near