My NEAR Protocol Trade: Riding the Altcoin Momentum đ
Just executed a strategic trade on $NEAR that aligns with this weekâs market momentum! đ
Why NEAR? With the recent surge in Layer 1 projects and NEARâs key partnerships in the AI space, I spotted a bullish setup on the 4H chart. The price broke above a descending triangle with strong volume, signaling a potential 20% upside.
My Strategy: - Entry: $2.9 - Targets: $3.50 (initial TP), $4.00 (secondary TP) -Stop-Loss: $2.40 (below support) Used RSI divergence and EMA crossover to confirm the entry. Risked only 2% of my portfolioâalways prioritizing capital preservation!
$OM Just CRASHED -90% in Under an Hour! Over $5.5 BILLION wiped out instantly! đ¨đ¨đ¨
DUMP REASONS: 1ď¸âŁ Reports say the Kabal team behind #OM RESIGNED right before the crash. 2ď¸âŁ Shortly after, $590M in $OM was moved to exchanges â massive sell-off alert! 3ď¸âŁ Rumors say the team held 90% of total supply â full control, zero transparency.
The Result?
Airdrop holders = rekt
Long-term investors = left holding the bag
Insiders = got out early
Community = paid the price
This was a textbook rug pull: â Full supply control â Possible OTC dumps â Zero transparency
Lesson: Protect your capital. Trust your instincts. If it feels shady⌠it probably IS.
đ¨ Warning: One last major dump might be coming to liquidate long positions before the next pump. Stay cautious and manage your risks wisely. Secure your funds and trade responsibly. đâĄď¸đ