I opened a short position on $NEAR
from here. ๐ป
Price is testing a major trendline that has managed to stop almost all strong upward moves over the past two years.
Unless this structure is clearly and decisively broken, I see this area as high-risk for late buyers.
For me, the risk-to-reward ratio currently favors a short position. ๐
What do you think of $NEAR ? ๐
โ ๏ธ This is not financial advice. Trade at your own risk and always do your own research.
from here. ๐ป
Price is testing a major trendline that has managed to stop almost all strong upward moves over the past two years.
Unless this structure is clearly and decisively broken, I see this area as high-risk for late buyers.
For me, the risk-to-reward ratio currently favors a short position. ๐
What do you think of $NEAR ? ๐
โ ๏ธ This is not financial advice. Trade at your own risk and always do your own research.