【$NEAR Signal】Pullback to buy + 1H strong consolidation, preparing for a second surge

$NEAR The 1H timeframe entered a strong sideways consolidation after yesterday's sharp rise, with prices oscillating narrowly between 1.155 and 1.185, refusing a deep correction. After a volume-driven large bullish candle on the 4H chart, the current candle is a high-level doji star, indicating healthy turnover. The 1H RSI(67.45) has fallen from overbought territory but remains in a strong zone, and EMA20(1.128) provides dynamic support. This is a typical bullish coin pattern with upward momentum.

🎯Direction: Long (Long)

🎯Entry/Order: 1.160 - 1.165 (Reason: Lower boundary of the 1H consolidation zone + dense buy orders support zone )

🛑Stop Loss: 1.145 (Reason: Break below the 1H consolidation zone and previous low of 1.155, confirming weakening )

🚀Target 1: 1.200 (Reason: Previous high resistance level, psychological barrier )

🚀Target 2: 1.260 (Reason: Yesterday's high, look for a new high after breakout )

🛡️Trade Management:

- Position size suggestion: Light position (Reason: After a significant rally, volatility increases )

- Execution strategy: After entering, if the price quickly hits 1.20, consider reducing position by 30% around 1.195 to lock in profits. Move the remaining stop loss up to the entry price of 1.165. If the price successfully breaks and stabilizes above 1.20, target the second goal at 1.26.

Deep logic: Market depth shows over 2 million buy orders densely stacked between 1.155 and 1.165, forming a strong support wall. Open interest remains stable and does not decline with price consolidation, indicating that bulls have not exited en masse but are accumulating strength through turnover at this level. The buy/sell ratio on the 1H chart has risen to 0.56 in the latest hour, showing buy-side momentum is re-accumulating. Coupled with the 4H volume breakout of the downtrend line, this pullback is an excellent second entry opportunity.

View real-time market 👇 $NEAR

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