$NEAR
Liquidation Alert
⚡ A significant long liquidation just hit the market, with $14.401K in positions wiped out at $5.4902.
What Does This Mean?
Long traders were forced to exit as the price reached the liquidation trigger. This could create additional selling pressure, potentially driving the price lower in the short term. Watch for potential retests of the liquidation level as resistance.
Key Takeaways:
$5.4902 now becomes a critical resistance level, potentially capping upward moves.
This liquidation could signal a potential bearish phase, so cautious traders may consider tightening risk management strategies.
Stay alert—$NEAR may face more downward pressure unless a reversal is quickly established.