$NEAR Short Liquidation at $5.539 – The Bulls Take Charge!
NEAR Protocol ($NEAR) has sparked excitement in the market with a $2.5313K short liquidation at $5.539.
The bears are under pressure as buyers take control, signaling potential for more upward momentum.
Key Details:
Liquidation Amount: $2.5313K
Liquidation Price: $5.539
Market Sentiment: Bullish momentum intensifies, creating opportunities for strategic trades.
Next Move:
1. Critical Levels to Watch:
Immediate Resistance: $5.60
Key Support: $5.50
2. Trading Strategy:
Bullish Play: Look to enter long positions if $NEAR breaks above $5.55 with strong buying volume, targeting $5.65 or higher.
Bearish Setup: Watch for a pullback if $5.55 faces rejection, signaling short-term profit-taking.
3. Stop Loss:
For long trades, set a stop loss at $5.48 to minimize downside risk.
For shorts, protect against a breakout above $5.62.
$NEAR is at a pivotal point, with bulls holding the upper hand.
Traders should stay alert and ready to capitalize on the next big move.
