AGGRESSIVE COUNTER-TREND SHORT
This is a scalp short, not a swing short.
Risk/Reward: Risk ∼4-5% to make 7% and 12% = 1:1.5 to 1:2.5 - Decent for a short scalp.
*Warning: Don't hold this short long term. NEAR is +127% in 30 days and +278% in 180 days. The 4h and 1D uptrend is too strong to fight. This is only a *short to MA20*. If $4.34 (MA20) holds, NEAR will bounce hard again.
*My advice: If you want to short, do it small with tight stop at $5.20. Better short will come only if daily closes BELOW $4.34 (MA20)- then you can target $3.75.
This is a scalp short, not a swing short.
Risk/Reward: Risk ∼4-5% to make 7% and 12% = 1:1.5 to 1:2.5 - Decent for a short scalp.
*Warning: Don't hold this short long term. NEAR is +127% in 30 days and +278% in 180 days. The 4h and 1D uptrend is too strong to fight. This is only a *short to MA20*. If $4.34 (MA20) holds, NEAR will bounce hard again.
*My advice: If you want to short, do it small with tight stop at $5.20. Better short will come only if daily closes BELOW $4.34 (MA20)- then you can target $3.75.
