I see many of you panicking and selling this pullback on $NEAR . You’re walking straight into a trap. 🧐
I’m opening a large long position on $NEAR from here.
Entry: 4.47
Target: 4.70
Stop loss: 4.25 👇
Look at the 1-hour chart. The overall trend is still strongly bullish. We rose to 4.82, dropped to 4.30, and bounced back to 4.70. Now we’re just pulling back to a local support zone.
Retail traders see a few red candles and think the trend is over. They’re selling this pullback, and their stop-loss orders are sitting just above us. Buyers are waiting for the reversal.
Notice that my stop loss is safely placed below at 4.25, under the major low. I’m giving the trade plenty of room to breathe so a fake wick won’t stop me out.
I’m buying this pullback before it hunts down the late sellers.
Are you selling this now? Tell me in the comments! 👇
⚠️ This is not financial advice. Do your own research.
I’m opening a large long position on $NEAR from here.
Entry: 4.47
Target: 4.70
Stop loss: 4.25 👇
Look at the 1-hour chart. The overall trend is still strongly bullish. We rose to 4.82, dropped to 4.30, and bounced back to 4.70. Now we’re just pulling back to a local support zone.
Retail traders see a few red candles and think the trend is over. They’re selling this pullback, and their stop-loss orders are sitting just above us. Buyers are waiting for the reversal.
Notice that my stop loss is safely placed below at 4.25, under the major low. I’m giving the trade plenty of room to breathe so a fake wick won’t stop me out.
I’m buying this pullback before it hunts down the late sellers.
Are you selling this now? Tell me in the comments! 👇
⚠️ This is not financial advice. Do your own research.
