Long on $NEAR : 4h breakout accompanied by many new futures positions.
Open interest rose 21% in 24 hours.
Entry at 5.382.
Initial stop at 4.969 (−7.7%). No TP: I use a trailing stop—the stop moves up with the high, and the trade closes when the price pulls back to it. If it hasn’t been hit within 7 days, I close the trade anyway.
Many trades don’t work out; that’s why I risk little on each one.
This is not financial advice. Do your own research and adjust your risk.
$NEAR #trading #futures
Open interest rose 21% in 24 hours.
Entry at 5.382.
Initial stop at 4.969 (−7.7%). No TP: I use a trailing stop—the stop moves up with the high, and the trade closes when the price pulls back to it. If it hasn’t been hit within 7 days, I close the trade anyway.
Many trades don’t work out; that’s why I risk little on each one.
This is not financial advice. Do your own research and adjust your risk.
$NEAR #trading #futures