$NEAR Liquidation Alert: $5.0471K Shorts Crushed at $5.012!
NEAR Protocol ($NEAR just experienced a short liquidation of $5,047.1 at $5.012, showing a potential shift in market sentiment. With sellers getting squeezed, this could mark the start of a new price movement. Let’s dive into the analysis and map out the next moves for NEAR!
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Key Levels for NEAR
1. Buy Zone:
$4.90 - $5.05: This range is ideal for short-term buys if the price consolidates here.
$4.70 - $4.80: A deeper dip, offering a strong support zone for long-term positions.
2. Target Levels:
Short-term target: $5.20 - $5.30.
Mid-term target: $5.50 - $5.70.
3. Stop Loss:
Set a stop loss below $4.70 to protect against larger declines.
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What Could Happen Next?
Bullish Scenario:
If NEAR holds above $5.00 and builds momentum, it could head toward $5.20 and even $5.30. A breakout above $5.30 could trigger a rally toward $5.50 or higher, with strong volume confirming the move.
Bearish Scenario:
If NEAR drops below $4.90, watch for potential support around $4.70. If this level fails, the price could move lower to $4.50.
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Factors to Watch
1. Market Sentiment: A bullish trend in the broader crypto market could push NEAR higher, especially if Bitcoin and Ethereum are leading the charge.
2. Volume Confirmation: Keep an eye on volume spikes near key support levels. A strong rebound from $4.90-$5.05 would signal buyer strength.
3. Project Developments: Watch for updates or partnerships related to NEAR Protocol, as this can drive additional demand.
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Pro Trading Tip: Always manage your risk and trade within your limits. NEAR could experience volatility, so it's essential to stay disciplined and not let emotions drive your decisions. This is not financial advice—just a strategy to guide your trades. Keep your eyes on the charts and make your moves wisely!
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