🚨 $NEAR is currently consolidating but showing a slight bearish bias. It’s not a strong signal yet, but the short-term tilt appears downward. On the 1-hour chart, a cautious short could be considered.
Volume Observation: Recent 1H candles show declining activity, with the last candle only around 93k vs earlier spikes above 8M, suggesting low commitment from traders.
Capital Flows:
• Short-term contracts: Outflows (-1.09M in 5m, -1.17M in 15m), aligning with recent price dips.
• Spot market: Steady inflows (+1.81M in 24h, +5.01M in 3 days), indicating some underlying buying pressure, though near-term price action dominates.
Trade Setup:
• Short Entry: Around $1.85 (R1) or if price breaks below $1.815 (lower Bollinger).
• Stop Loss: ~3% above entry, around $1.88.
• Targets: First $1.792 (support), next $1.7647 (lower support).
Key Levels:
• Above $1.85 → Bullish outlook
• Below $1.792 → Confirms downside continuation
NEARUSDT (Perp)
Price: 1.819 (+1.79%)
