【$NEAR Signal】Empty Position + Downtrend Continuation Pattern

$NEAR Is consolidating weakly above a key support level, showing a downtrend continuation pattern. On the 4H chart, consecutive bearish candles indicate selling pressure, with each rebound quickly absorbed by sellers. The order book shows heavy selling pressure above (clustered orders in the 1.042-1.061 range), while support buy orders below are sparse and scattered. Although Taker Volume indicates active buying, the price has not effectively rebounded. Coupled with stable and high Open Interest (OI), this suggests that bulls are passively adding positions or resisting during the decline, rather than major players accumulating. Market logic indicates potential distribution or forced liquidation, and the current structure is bearish.

🎯 Direction: Short

Wait for the price to effectively break below the key demand zone at 1.027-1.030 and confirm a rebound before considering a short position. Currently, favoring cautious observation.

Trade 👇 $NEAR
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