【$NEAR Signal】Short Position Waiting for Downward Momentum to Exhaust

$NEAR Has been closing with consecutive down candles on the 4H chart, and the price is testing recent support at the lows. Trading volume has increased during the decline, but the latest candlestick shows a slight slowdown in the downward momentum, possibly entering a short-term consolidation or momentum exhaustion phase. The current funding rate remains positive, indicating that market sentiment has not fully shifted, but open interest data should be combined with price action to determine whether it is a passive liquidation of longs.

🎯Direction: Short (NoPosition)

Waiting for the price to form a clear reversal pattern within the 1.086-1.105 range (such as a Pin Bar or bullish engulfing) or a volume breakout above the 1.123 resistance before considering long entries. Currently, sell orders are clustered around 1.106-1.107, forming initial resistance, while buy orders below are accumulated around 1.102-1.104 but with moderate strength. Going against the trend to buy directly carries higher risk.

Trade here 👇 $NEAR

---

Follow me: Get more real-time analysis and insights on the crypto market!

‍#Gate广场创作者新春激励

#Is the current market bottoming or just waiting?