$NEAR - SHORT watch (x20)
$NEAR is only 2.5% under its 200 EMA on the 30-minute
Levels:
Entry: 4.96 - 4.97
SL: 5.05 (-1.6%)
TP: 4.89 - 4.83 - 4.74 (+1.6-4.7%)
That 200 EMA is just the average price over the last 200 candles, and price sitting close to it means the trend has only just started to lean. The dip is small and still fresh. Funding at 0.0013% runs negative, so shorts pay longs to stay open and holding this side costs money.
⚠️ Personal market insight, not investment advice. DYOR.
$NEAR is only 2.5% under its 200 EMA on the 30-minute
Levels:
Entry: 4.96 - 4.97
SL: 5.05 (-1.6%)
TP: 4.89 - 4.83 - 4.74 (+1.6-4.7%)
That 200 EMA is just the average price over the last 200 candles, and price sitting close to it means the trend has only just started to lean. The dip is small and still fresh. Funding at 0.0013% runs negative, so shorts pay longs to stay open and holding this side costs money.
⚠️ Personal market insight, not investment advice. DYOR.