🚨 $NEAR hanging in consolidation zone but with a bit of a bearish slant right now. Not super decisive, but leaning down if I had to call it. For trading on 1-hour timeframe, I'm eyeing a cautious short here
Volume's been tapering off on those recent 1h candles, like the last one only clocked 93k compared to earlier spikes over 8M. Feels like nobody's really committing hard to these swings.
On capital flows: Short-term contracts are seeing outflows (-1.09M in 5m, -1.17M in 15m), which lines up with the price dipping. But spot side's got some inflows over 24h (+1.81M) and even more over 3 days (+5.01M), so maybe some quiet buying underneath – though the near-term stuff's calling the shots for now.
Entry short $NEAR : around that resistance at 1.85 USDT (R1) or if it cracks below 1.815 (lower Bollinger).
Stop at about 3% up, say 1.88 if entering short
Targets $NEAR : Down to 1.792 (Support level) or further to 1.7647 (next support).
Keep an eye on breaks – over Resistance 1.85 flips it bull, under Support 1.792 confirms the slide.