【$NEAR Signal】Pullback to Long: 1H RSI Bottom Divergence, Strong Market Support

$NEAR The 1H timeframe is oscillating around a critical support zone (1.08-1.09), forming a bottom. RSI shows a bottom divergence signal, and market buy depth is significantly solid. Although the 4H timeframe is in a downtrend channel, open interest remains stable with no signs of panic selling, indicating strong support from major players. This is a typical pullback entry point for a long position.

🎯Direction: Long (Long)

⚡Entry/Order: 1.085 - 1.090

🛑Stop Loss: 1.075

🚀Target 1: 1.110

🚀Target 2: 1.125

🛡️Trade Management:
- Position Size Recommendation: Light position
- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss up to the entry price of 1.090. Hold the remaining position to aim for Target 2. If the price retraces to 1.090 and breaks below, exit all positions.

Depth Logic: The 1H RSI(43) has formed a bottom divergence, with the price making new lows while the indicator does not, indicating weakening bearish momentum. Market data shows over 2 million dense buy orders accumulated in the 1.08-1.07 range, forming a strong support. Meanwhile, open interest remains stable, and the price decline has not caused a decrease in open interest, suggesting the downtrend is more of a shakeout rather than major distribution by large players. Additionally, the 1H EMA50 (1.0978) and EMA20 (1.0988) are about to converge, signaling a potential trend reversal with an increased probability of an upward breakout.

View real-time market 👇 $NEAR

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