$NEAR #NEAR
NEAR is down almost 7 percent today and down nearly 15 percent this week. That is not a dip to buy, that is weakness to respect.
NEAR trades at $4.19, down 6.67 percent in 24 hours and 14.68 percent over the week, the weakest of the majors I track. In a market wide selloff, the weakest coin usually falls the furthest, because there is no bid underneath it when panic hits. My plan is to short the bounce, not chase the fall. The $4.15 to $4.25 zone is where sellers should step back in. If price pushes above $4.45, the idea is wrong and I exit without arguing with the market. Targets are $4.00 first, then $3.85 if selling continues. Small size, because crash markets can snap back violently.
Direction: SHORT
Entry zone: $4.15 to $4.25
Stop loss: $4.45
Target 1: $4.00
Target 2: $3.85
Futures trading is risky, trade small, manage risk, do your own research.
Would you short NEAR at $4.20, or wait for a deeper bounce to $4.40 first?
#NearProtocol #Crypto #FuturesTrading #TradingSignals
Follow for more trades.
NEAR is down almost 7 percent today and down nearly 15 percent this week. That is not a dip to buy, that is weakness to respect.
NEAR trades at $4.19, down 6.67 percent in 24 hours and 14.68 percent over the week, the weakest of the majors I track. In a market wide selloff, the weakest coin usually falls the furthest, because there is no bid underneath it when panic hits. My plan is to short the bounce, not chase the fall. The $4.15 to $4.25 zone is where sellers should step back in. If price pushes above $4.45, the idea is wrong and I exit without arguing with the market. Targets are $4.00 first, then $3.85 if selling continues. Small size, because crash markets can snap back violently.
Direction: SHORT
Entry zone: $4.15 to $4.25
Stop loss: $4.45
Target 1: $4.00
Target 2: $3.85
Futures trading is risky, trade small, manage risk, do your own research.
Would you short NEAR at $4.20, or wait for a deeper bounce to $4.40 first?
#NearProtocol #Crypto #FuturesTrading #TradingSignals
Follow for more trades.
