$NEAR : WAIT - needs a rally into the shelf first.
What happened: NEAR flushed to 3.265 and bounced to 3.639, ceiling 3.64 held twice. Price now 3.555, under the shelf, while Bitcoin fell to 67.4k and bounces weakly.
Entry: 3.60, only if price rallies up there and an hourly candle closes back below 3.61.
Stop loss: 3.655, 1.5% above entry.
Target 1: 3.452, gives 2.2 times the risk.
Target 2: 3.265, gives 5.1 times the risk.
Avoid longs, bounces keep failing while Bitcoin drops.
What cancels the idea: an hourly close above 3.655 kills it. A Bitcoin daily close above 74,771 flips it.
#write2earn #trade #tradesetup
Reply with your coin you want analysis on.
What happened: NEAR flushed to 3.265 and bounced to 3.639, ceiling 3.64 held twice. Price now 3.555, under the shelf, while Bitcoin fell to 67.4k and bounces weakly.
Entry: 3.60, only if price rallies up there and an hourly candle closes back below 3.61.
Stop loss: 3.655, 1.5% above entry.
Target 1: 3.452, gives 2.2 times the risk.
Target 2: 3.265, gives 5.1 times the risk.
Avoid longs, bounces keep failing while Bitcoin drops.
What cancels the idea: an hourly close above 3.655 kills it. A Bitcoin daily close above 74,771 flips it.
#write2earn #trade #tradesetup
Reply with your coin you want analysis on.
