【$NEAR Signal】Key level for long-short battle, 1H timeframe about to reverse!

$NEAR The 1H timeframe is consolidating with decreasing volume near the critical support level around 1.045, and the battle between bulls and bears is intense. The 4H timeframe is in a downward channel, but the RSI (41.89) on the 1H chart is approaching oversold territory, and the price is tightly hugging the 1H EMA50 (1.048) and the 4H EMA20 (1.0418) support levels. Open interest remains stable with no signs of panic selling. The current decline appears more like passive profit-taking by bulls rather than major selling by large players. The order book shows significant depth below 1.04, forming a support wall. This is a typical convergence end, about to choose a direction.

🎯 Direction: Wait and see (Pending order strategy)

⚡ Trigger condition 1 (Long): Price breaks above 1.055 (Reason: 1H chart stabilizes above EMA20 and surpasses the previous 1-hour high, confirming bullish return).

⚡ Trigger condition 2 (Long): Price retraces to the 1.038-1.041 zone (Reason: Rebound off the strong support of 4H EMA20 and dense trading zone, better risk-reward ratio).

🎯 Entry / Pending orders:

- Aggressive breakout order: 1.055 - 1.058 (Reason: Breaks above the 1H downtrend line and EMA20 resistance)

- Conservative pullback order: 1.038 - 1.041 (Reason: Rebounds off 4H EMA20 and previous low support zone)

🛑 Stop loss: 1.030 (Reason: Break below recent strong 4H support level and ATR lower band, invalidating bullish structure).

🚀 Target 1: 1.072 - 1.075 (Reason: Resistance at previous 4H high and 1.0 Fibonacci retracement level).

🚀 Target 2: 1.088 - 1.090 (Reason: Resistance at previous 4H high and channel upper boundary).

🛡️ Trading management:

- Position suggestion: Light position (Reason: 4H trend remains bearish, this is a counter-trend rebound with higher risk).

- Execution strategy: If the breakout order is triggered, take partial profit at Target 1 (reduce by 50%), and move the remaining stop loss to entry price. If the pullback order is triggered, build positions gradually, and at Target 1, reduce position again and move stop loss to breakeven.

Depth logic: The current negative funding rate (-0.0040%) suggests bears are dominant, but open interest remains stable, and there is no waterfall decline, indicating potential for a short squeeze. The bullish divergence on the 1H RSI has appeared, and if the price can hold above 1.055, it will attract a lot of short covering buy orders. The key is whether 1.055 can be strongly broken, which is the intraday bull-bear dividing line.

Trade here 👇 $NEAR

---

Follow me: Get more real-time analysis and insights into the crypto market! $BTC $ETH $SOL