$NEAR Long Position Liquidated: $120K at $7.314
Market Update on NEAR Protocol: A large long position of $120K was liquidated at $7.314, indicating some strong market corrections.
This could be a sign of bearish pressure in the near term, especially if further liquidations follow.
What to Watch for with you $NEAR :
With this liquidation, NEAR might experience some downward movement, with support likely around $7.00.
If the price stabilizes above this level, there could be a potential for recovery, but a break below could signal further declines.
Keep an eye on volume and momentum; these will be key to spotting any shift back to bullish trends.
⚖️ Next Steps:
Exercise caution. If you're considering entering, wait for clear signs of consolidation or reversal.
Don’t chase a falling knife—set stop losses to protect against further downturns.