$NEAR Liquidated Short: $101K at $6.835!
Market Update
A short position worth $101K on #NEAR was liquidated as the price hit $6.835. This indicates a strong bullish push, with bears forced to exit their positions.
NEAR's price movement is gaining attention, hinting at increased volatility.
Key Observations:
The $6.80 level is proving to be a critical zone, with bulls driving momentum upward.
Liquidations of this size often signal a possible continuation of the current trend.
What Could Happen Next?
1. Bullish Case:
If $NEAR breaks above $6.85, it could rally to test $7.00 and potentially aim for the $7.20 mark.
2. Bearish Case:
Failing to hold above $6.80 might trigger a correction, pulling NEAR back toward $6.60, where buyers may regroup.
Opinion:
The market sentiment leans bullish, but caution is essential. Watch for sustained volume above $6.85 for confirmation of the uptrend.
If you're trading, stay flexible and ready to react to sharp moves.
Will NEAR break $7 soon? Drop your thoughts below!