【$NEAR Signal】1H Triangle Convergence Ending, Price Reversal Imminent!

$NEAR The 1H timeframe price is oscillating within the 1.036-1.051 range, forming the final stage of the triangle convergence, indicating an upcoming directional move. The 4H EMA50 (1.0443) and 1H EMA20 (1.0460) are nearly overlapping, forming a strong support level. Market depth data shows buy orders significantly thicker than sell orders (bid_ask_ratio_depth: 1.55), and open interest remains stable. The price has declined but has not triggered panic selling, indicating clear signs of main force support. Currently, the 1H RSI (51.06) is neutral, building momentum for a trend reversal.

🎯Direction: Long (Long)

🎯Entry/Order: 1.045 - 1.047 (Reason: 1H EMA20 support zone resonates with the lower boundary of the triangle, actively entering long positions )

🛑Stop Loss: 1.035 (Reason: Break below the 4H strong support platform and the lower boundary of the triangle structure )

🚀Target 1: 1.060 (Reason: Resistance at the upper boundary of the triangle and previous high area )

🚀Target 2: 1.075 (Reason: Resistance at the previous rebound high on the 4H timeframe )

🛡️Trade Management:

- Position Size: Light (Reason: Volatility may increase before the triangle breakout )

- Execution Strategy: After the price reaches 1.060, reduce position by 50% and move stop loss to entry price 1.047. Hold the remaining position to target the second goal; if the price retraces to 1.047, exit all positions.

Depth Logic: Open interest remains stable, price declines but without a surge in open interest, ruling out main force dumping. Market imbalance reaches 21.68%, with buy orders accumulating in the 1.036-1.044 range, forming a solid defense line. The 1H candlestick lows are gradually rising, indicating buy strength is accumulating. Combined with a positive funding rate (0.0080%), market sentiment is leaning bullish, awaiting a volume breakout confirmation.

View real-time market 👇 $NEAR

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