๐จ $NEAR /USDT โ LONG TRADE SETUP
๐ข Direction: LONG
๐ฐ Entry: $4.55 โ $4.70
๐ Stop Loss: $4.30
๐ฏ TP1: $4.95
๐ฏ TP2: $5.25
๐ฏ TP3: $5.55 โ $5.60
๐ Liquidation Data:
๐ฅ 24H Liquidations: ~$3.3M
๐ด Long Liquidations: ~$2.9M
๐ข Short Liquidations: ~$418.9K
Why this setup?
๐ Entry โ$NEAR $4.55โ$4.70: This zone is close to the current support area, giving a better risk-to-reward opportunity rather than chasing the price.
๐ Stop Loss โ $4.30: Placed below key support. A sustained break below this level would weaken the LONG structure.
๐ฏ TP1 โ $4.95: First potential resistance where sellers may appear.
๐ฏ TP2 โ $5.25: Next resistance zone and a logical area to secure additional profit.
๐ฏ TP3 โ $5.55โ$5.60: Higher resistance area if bullish momentum continues.
๐ฅ Liquidation Insight: A large amount of LONG positions has already been liquidated, while the liquidation map shows a notable short cluster around $4.75. If $NEAR reclaims and holds above this area, a short squeeze could add upside momentum.
โ ๏ธ Invalidation: Below $4.30.
#NEAR #NEARUSDT #nearprotocol #CryptoTrading. #BinanceSquare
๐ข Direction: LONG
๐ฐ Entry: $4.55 โ $4.70
๐ Stop Loss: $4.30
๐ฏ TP1: $4.95
๐ฏ TP2: $5.25
๐ฏ TP3: $5.55 โ $5.60
๐ Liquidation Data:
๐ฅ 24H Liquidations: ~$3.3M
๐ด Long Liquidations: ~$2.9M
๐ข Short Liquidations: ~$418.9K
Why this setup?
๐ Entry โ$NEAR $4.55โ$4.70: This zone is close to the current support area, giving a better risk-to-reward opportunity rather than chasing the price.
๐ Stop Loss โ $4.30: Placed below key support. A sustained break below this level would weaken the LONG structure.
๐ฏ TP1 โ $4.95: First potential resistance where sellers may appear.
๐ฏ TP2 โ $5.25: Next resistance zone and a logical area to secure additional profit.
๐ฏ TP3 โ $5.55โ$5.60: Higher resistance area if bullish momentum continues.
๐ฅ Liquidation Insight: A large amount of LONG positions has already been liquidated, while the liquidation map shows a notable short cluster around $4.75. If $NEAR reclaims and holds above this area, a short squeeze could add upside momentum.
โ ๏ธ Invalidation: Below $4.30.
#NEAR #NEARUSDT #nearprotocol #CryptoTrading. #BinanceSquare
