๐ $NEAR is +7.3% on the day
Now 4.08, right at the top of its 24h range: 3.69 to 4.08.
Upside scenario: break and hold 4.08, then 4.28 (+4.9%) is in view.
Downside scenario: a close under 3.69 and 3.49 (โ14.2%) comes into play.
Either way, the idea is wrong once price closes back through 3.89 against you: that is where many traders place the stop, and size the position so that stop costs about 1% of the account.
No edge claimed: just the range, its extension and where it breaks.
What's your read?
NFA.
#NEAR #Altcoins #VektorDaily
Now 4.08, right at the top of its 24h range: 3.69 to 4.08.
Upside scenario: break and hold 4.08, then 4.28 (+4.9%) is in view.
Downside scenario: a close under 3.69 and 3.49 (โ14.2%) comes into play.
Either way, the idea is wrong once price closes back through 3.89 against you: that is where many traders place the stop, and size the position so that stop costs about 1% of the account.
No edge claimed: just the range, its extension and where it breaks.
What's your read?
NFA.
#NEAR #Altcoins #VektorDaily
