$NEAR Liquidated Short Alert
A massive $113K short position was liquidated at $7.062, signaling a powerful move in the #NEAR market!
This liquidation suggests that bears were caught off guard, and we could see bullish momentum continuing.
• Market Breakdown:
This liquidated short indicates that the market has shifted in favor of the bulls, forcing short-sellers to cover their positions.
With such a large liquidation, there’s potential for a price surge as liquidity gets absorbed by the market.
Expect some volatility as new positions are taken.
• Next Move:
• Bullish momentum likely to continue: If the price holds above $7.06, we could see a continuation of the upward move, with potential targets around $7.20 or even $7.50.
• Watch for a pullback: If the price drops back below $7.06, we might see some short-term consolidation or a retest of lower levels around $6.80.
• Final Thoughts:
The short squeeze has triggered strong bullish momentum, but watch for resistance at higher levels.
Bulls are in control, but volatility is likely, so be prepared for swings.
• Trade Smart:
Always use stop-loss orders and monitor market conditions closely.
Happy Trading! ✨
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