【$NEAR Signal】Short squeeze continues, 1H pullback is a buying opportunity!

$NEAR The 1H timeframe is consolidating at a high level after a strong rally, with the price building a platform around 1.215. The 4H timeframe has formed three consecutive bullish candles with a strong breakout, clearly indicating an upward trend. Currently, the negative funding rate (-0.0232%) combined with firm prices suggests a short squeeze potential. Any healthy pullback on the 1H chart is an opportunity to enter.

🎯Direction: Long (Long)

🎯Entry/Order: 1.200 - 1.205 (Reason: Support from 1H EMA20 and previous hour’s low)

🛑Stop Loss: 1.185 (Reason: Break below the previous 4H candle’s low and ATR lower band)

🚀Target 1: 1.260 (Reason: Resistance at previous high)

🚀Target 2: 1.300 (Reason: 4H Fibonacci extension level 1.618)

🛡Trade Management:

- Position size suggestion: Standard lot (Reason: 4H trend resonance with strong momentum)

- Execution strategy: After reaching Target 1 at 1.260, reduce position by 50%, and move the remaining stop loss up to entry price 1.205. If the price strongly breaks through 1.262, consider setting the second target at 1.300.

Deep logic: Market depth shows buy orders (bids) are significantly thicker than sell orders (asks), with an imbalance of 22.26%, indicating strong support below. Although the 1H RSI is high (85.57), in a strong short squeeze environment, it can remain elevated. Open interest (OI) remains high, and after a large price surge, there is no significant pullback, suggesting it’s not just profit-taking by longs but possibly passive short covering or new long positions being added. Coupled with the negative funding rate, the logic of further squeezing out shorts is valid.

View real-time market 👇 $NEAR

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