【$NEAR Signal】Pullback to Long + 1H Strong Consolidation, Waiting for Second Breakthrough

$NEAR The 1H timeframe experienced a 16% violent surge yesterday and is now entering a strong sideways consolidation. The price is oscillating narrowly within the 1.155-1.184 range, with the 1H EMA20 (1.130) providing dynamic support. The 4H level shows a healthy pullback after a volume-driven bullish candle. Currently, the order book depth is significant (depth imbalance 21.62%), and open interest remains stable, indicating that major funds have not exited. This is a typical bullish continuation pattern, waiting for a second breakout.

🎯Direction: Long (Long)

🎯Entry/Order: 1.158 - 1.162 (Reason: Current price is close to the 1H EMA20 support zone, and the order book shows dense buy orders )

🛑Stop Loss: 1.145 (Reason: Break below the bottom of the 4H bullish candle and the dense trading zone )

🚀Target 1: 1.200 (Reason: Previous high resistance and psychological level )

🚀Target 2: 1.260 (Reason: Yesterday’s high and the 1.618 Fibonacci extension level )

🛡️Trade Management:

- Position Size: Light (Reason: Significant intraday rally with high volatility )

- Execution Strategy: After the price reaches 1.200, move the stop loss up to the entry price of 1.158. For the remaining position, target 1.260. If the 1H candle closes below 1.170, consider halving the position early.

Depth Logic: The volume breakout of the 4H long-term downtrend line is a strong trend reversal signal. The 1H RSI (64.2) has healthy retraced from overbought territory, preparing for another upward move. The key data is that open interest remains stable during consolidation, and the funding rate is only 0.01%, eliminating the risk of a long squeeze. This looks more like accumulation by major players. The order book shows large buy orders in the 1.146-1.155 range, forming a solid defense line. The strategic focus is on capitalizing on the inertia of a strong coin after its first major pullback.

View real-time market 👇 $NEAR

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