1) Don’t put your entire portfolio into a single trade; enter gradually. 2) Always use a stop loss to protect your capital. 3) Patience and sticking to your target are the keys to success in the spot market.
With trading in $NEAR stabilizing on the 30-minute timeframe, here is our upcoming technical plan for targeting higher returns:
📌 Expected Scenario and Action Plan: 1️⃣ Breakout journey: For bullish momentum to continue, the price must decisively break through the 78.6% Fibonacci level, with a clear candle close above it.
2️⃣ First stop: Once the breakout occurs, we will immediately target the midpoint at 50.0% (near the $5.41 area).
3️⃣ Golden entry zone: We won’t enter recklessly. Instead, we’ll wait for a correction and a retest of the 50% area or the support around it, making this a safer entry point (Spot Entry).
4️⃣ Main target: From the bounce point, we’ll target the continuation of the wave toward major resistance and the peak at $6.00.
💡 Risk management comes first: Patience is the key to successful trading, and placing a stop-loss below current support ($4.90) will help fully protect your portfolio.
👇 Share your thoughts: Do you expect the 78.6% level to be broken today?
With trading in $NEAR stabilizing on the 30-minute timeframe, here is our upcoming technical plan for targeting higher returns:
📌 Expected scenario and game plan: 1️⃣ Breakout journey: For bullish momentum to continue, the price must break strongly above the 78.6% Fibonacci level, with a clear candle close above it.
2️⃣ First stop: Once the breakout occurs, we will immediately target the 50.0% midpoint (near the $5.41 area).
3️⃣ Golden entry zone: We won't enter arbitrarily. Instead, we'll wait for a correction and a retest of the 50% area or its surrounding support, making this the safe entry point (Spot Entry).
4️⃣ Main target: From the rebound point, we will target the continuation of the wave toward the major resistance and the peak at the $6.00 level.
💡 Risk management comes first: Patience is the key to successful trading, and placing a stop-loss below current support ($4.90) will ensure your portfolio is fully protected.
👇 Share your thoughts: Do you expect the 78.6% level to be broken today?
What caused the sharp drop in the crypto market?! For example: $BTC |$ETH |$SOL ...
Is this behavior normal? 🤔 Yes, it’s very normal and common in crypto markets.
This behavior is called a liquidity flush (Liquidity Flush / Flushout):
- Market makers (Smart Money): They take advantage of open interest reaching very high levels to trigger a sudden drop that hits everyone’s stop-losses and drives leveraged traders out of the market before a new rally begins.
- External catalyst (Macro Context): Geopolitical tensions and rising oil prices, along with markets awaiting the release of the U.S. Federal Reserve meeting minutes (Fed Minutes) today, are prompting market makers to flush out high-risk liquidity