$NEAR A significant long liquidation occurred at $5.587, involving $1.2738K. Such liquidations often indicate high volatility and could trigger further moves in the market. Let's break this down step by step to help you decide your next action.

Current Market Observations.

1. Liquidation Impact.

The long liquidation suggests that the price may continue downward in the short term. However, this could also act as a liquidity event, attracting buyers at lower levels.

2. Trend: Monitor the overall trend. If the price is forming higher lows, it indicates strength, but if it's breaking support zones, it suggests bearish momentum.

Key Levels

Support Levels (Buy Zone).

The next key support levels are.

$5.45 - $5.30: Strong potential buy zone if the price drops further.

$5.00: Major support zone, attracting long-term buyers.

Resistance Levels (Targets).

Once the price stabilizes, potential targets are.

$5.70 (Short-term resistance).

$6.00 (Critical psychological resistance).

Trading Strategy.

1. Buy Zone.

Place buy orders in the range of $5.45 to $5.30. If the price breaks below $5.30, wait for stability before re-entering around $5.00.

2. Targets.

First Target: $5.70

Second Target: $6.00

3. Stop-Loss.

For entries around $5.45, set a stop-loss at $5.20.

For entries near $5.00, set a stop-loss at $4.80

Key Notes.

Market Sentiment.

Watch Bitcoin and overall crypto market trends. A sudden shift in sentiment can impact $NEAR's movement.

Risk Management.

Don’t invest more than 2-5% of your portfolio in a single trade.

Volume.

Look for high trading volume near support zones to confirm buyer interest.

Summary.

Buy Zone.

$5.45 - $5.30 (secondary at $5.00)

Targets.

$5.70 and $6.00

Stop-Loss.

$5.20 or $4.80 (depending on your entry).

Keep monitoring market updates for any sudden news affecting $NEAR. This strategy will help you navigate current volatility efficiently.

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