"Massive Liquidation Alert!
The $NEAR market just witnessed a jaw-dropping long liquidation of $110K at $5.284.
This dramatic move has left traders scrambling—stay tuned for intense volatility as the market reacts to this sudden shake-up!"
Important Detail:
The long liquidation at $5.284 suggests that a significant number of traders were heavily leveraged and got caught in the downturn.
With $110K in long positions liquidated, this could signal a shift in market sentiment, favoring the bears in the short term.
Next Move Suggestion:
Keep a close eye on the $5.284 level—this could now act as a key support or resistance zone.
If the price fails to hold above this level, consider entering short positions as the market may experience further downward pressure.
However, if the price rebounds and stabilizes above $5.284, look for potential long entries with caution.
Always use stop losses to protect against unexpected swings in this volatile market.