$NEAR — Long Liquidation Analysis
NEAR saw around $3.57K in long liquidations at $4.614, showing that leveraged long positions faced pressure near this price.
The next move depends on whether buyers can regain control. Holding above $4.614 and forming a recovery structure could improve short-term sentiment. A decisive move below this level would indicate continued weakness.
Trade setup: Watch the $4.614 area for a potential reaction. Look for a confirmed reclaim, stronger volume, and a clear price structure before considering a long entry.
Protect capital with a predefined stop-loss and avoid excessive leverage.
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