【$NEAR Signal】Pullback to add longs + 1H strong consolidation, preparing for a second upward move

The 1H timeframe has experienced a sharp rally and entered a strong sideways consolidation, with the price stabilizing above the key support zone of 1.17-1.18. The 4H timeframe shows a volume-driven long candle establishing a short-term upward trend. Currently, it is a healthy pullback, and stable open interest indicates that funds have not exited, making this an excellent opportunity for a second entry.

🎯 Direction: Long $NEAR Long(

🎯 Entry/Order: 1.172 - 1.175 ) Reason: 1H EMA20( above 1.1207(, strong zone, support from previous hour's low, dense buy orders in the order book )

🛑 Stop-loss: 1.158 ) Reason: Break below the 1H strong consolidation zone and previous low of 1.163, ATR( 0.0389( below )

🚀 Target 1: 1.210 ) Reason: Resistance near previous high of 1.199, break above to target 1.21 psychological level (

🚀 Target 2: 1.245 ) Reason: Below the 4H previous high of 1.262, 1.618 Fibonacci extension level (

🛡️ Trading Management:

- Position size suggestion: Light position ) Reason: Daily gains have exceeded 20%, volatility is very high, risk control is essential (

- Execution strategy: After reaching 1.210, reduce position by 50% to lock in profits, and move the stop-loss of the remaining position up to the entry price of 1.175. If the price cannot hold above 1.185 and falls back below the entry zone, exit immediately and observe.

Deep logic: The 4H timeframe shows three consecutive bullish candles with volume breakout, with buy orders accounting for 52%, indicating main capital support. Although the 1H RSI) is high at 70.48(, the price is digesting gains through sideways movement, a sign of strength. Market depth shows buy orders) 1.45( far exceeding sell orders, with heavy buy support in the 1.165-1.17 range. Downward resistance is strong. Open interest remains stable during the price rise, indicating not just short covering but also new long positions supporting the trend. Combined with positive funding rates, market sentiment is bullish, and the pullback is an opportunity.

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