👀 $NEAR Liquidation Level Analysis
NEAR has delivered a massive +45-50% pump in 3 days, climbing from ~1.65 to 2.45+. However, the liquidation heatmap reveals something important:
🔸Key Heatmap Insights:
• Significant long liquidity is stacked at these key levels:
◦ $1.99 → 656K (heaviest cluster)
◦ $2.24 → 318K
◦ $1.85 → 195K
These are pending long liquidations, meaning leveraged longs are heavily concentrated in these zones. If price pulls back, we could see a cascade of long liquidations adding fuel to the downside.
🔸Current Market Structure:
• Strong bullish impulse with clear higher lows.
• First resitance which is the monthly VP’s SD+1 is at 2.45. Major resistance sits at 2.7 - 2.8 which is naked yearly VP level.
🔸Bullish Scenario:
• As long as NEAR holds above 2.20-2.25, the uptrend remains intact.
• Potential targets: $2.60 → $2.80
🔸Bearish Risks:
• The stacked long liquidity below creates dangerous support zones. A deeper correction could trigger cascading long liquidations, accelerating a drop toward 1.99 or even 1.85.
• The move looks overextended, healthy profit-taking is possible.
Not a financial advice. DYOR
