⬇️$NEAR is once again offering a great opportunity to profit from a correction, and right now the chart $NEAR is painting an ideal picture for a move down.
The bears are taking the initiative, while buyers are clearly losing strength. A solid pullback is on the horizon, so I’m opening a short position and plan to make the most of this move.
Entry zone: $4.8–$4.6
Take-profits: $4.5 / $4.3 / $4.0 / $3.6
Stop-loss: $5.2
I expect a confident drop toward the $4 area and lower. The key with this trade is to strictly manage risk and not get greedy with the initial targets.
What do you think about NEAR? Ready to short, or waiting for an upward reversal? Let me know in the comments!
$NEAR
The bears are taking the initiative, while buyers are clearly losing strength. A solid pullback is on the horizon, so I’m opening a short position and plan to make the most of this move.
Entry zone: $4.8–$4.6
Take-profits: $4.5 / $4.3 / $4.0 / $3.6
Stop-loss: $5.2
I expect a confident drop toward the $4 area and lower. The key with this trade is to strictly manage risk and not get greedy with the initial targets.
What do you think about NEAR? Ready to short, or waiting for an upward reversal? Let me know in the comments!
$NEAR