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$NEAR Short Liquidation at $5.539 – The Bulls Take Charge!

NEAR Protocol ($NEAR) has sparked excitement in the market with a $2.5313K short liquidation at $5.539.

The bears are under pressure as buyers take control, signaling potential for more upward momentum.

Key Details:

Liquidation Amount: $2.5313K

Liquidation Price: $5.539

Market Sentiment: Bullish momentum intensifies, creating opportunities for strategic trades.

Next Move:

1. Critical Levels to Watch:

Immediate Resistance: $5.60

Key Support: $5.50

2. Trading Strategy:

Bullish Play: Look to enter long positions if $NEAR breaks above $5.55 with strong buying volume, targeting $5.65 or higher.

Bearish Setup: Watch for a pullback if $5.55 faces rejection, signaling short-term profit-taking.

3. Stop Loss:

For long trades, set a stop loss at $5.48 to minimize downside risk.

For shorts, protect against a breakout above $5.62.

$NEAR is at a pivotal point, with bulls holding the upper hand.

Traders should stay alert and ready to capitalize on the next big move.

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