$NEAR #Binance #BTC
The first target is close to the entry, so the initial reward-to-risk ratio may be unattractive. Do not force this trade. Prefer a stronger breakdown and retest that provides at least 1:2 reward-to-risk.
One important distinction: bearish market structure is not the same as a confirmed short-entry signal.
Setup — SHORT
My preferred strategy is a confirmed support breakdown.
Entry 4.245–4.250
Stop-loss 4.268
TP1 4.232
The first target is close to the entry, so the initial reward-to-risk ratio may be unattractive. Do not force this trade. Prefer a stronger breakdown and retest that provides at least 1:2 reward-to-risk.
One important distinction: bearish market structure is not the same as a confirmed short-entry signal.
Setup — SHORT
My preferred strategy is a confirmed support breakdown.
Entry 4.245–4.250
Stop-loss 4.268
TP1 4.232