$NEAR still hasn't taken our stop loss . Sellers are getting absorbed right here. We might get a sweep of the current range that we have developed here. For that I already have set up another long position setup in case we get wicked out on the first setup.
The R:R on both setups are worth taking the risks for. The heavy shorts that have been selling from Thursday are my initial targets as MMs will definitely squeeze them out on Monday. If price dumps first on Monday then probably it will reverse on the second half in NY session, whereas if price does pump straight to take out those shorts positions, I'll watch closely the CVD of spot for good and clear buying intentions for holding the trade for full TPs, otherwise I'll cut short on the profits after the liquidity hunt.
For short-mid term holders, 3.7-3.5 zone is a good opportunity with invalidation below 3.2.
The R:R on both setups are worth taking the risks for. The heavy shorts that have been selling from Thursday are my initial targets as MMs will definitely squeeze them out on Monday. If price dumps first on Monday then probably it will reverse on the second half in NY session, whereas if price does pump straight to take out those shorts positions, I'll watch closely the CVD of spot for good and clear buying intentions for holding the trade for full TPs, otherwise I'll cut short on the profits after the liquidity hunt.
For short-mid term holders, 3.7-3.5 zone is a good opportunity with invalidation below 3.2.
