Here's what happened when a long call went out for $NEAR to hit $7 just as it showed an 11.47% drop.
Traders jumping on these optimistic targets often face the pain of further declines. They get stuck in positions they don't know how to exit as losses mount.
The take was direct. $NEAR is probably going to hit 7 this time so go long. But that came with the token already down 11.47 percent. In crypto such moves frequently continue if $BTC isn't providing a tailwind. Most missed that a target like 7 dollars after a dump is more hope than analysis, especially when similar setups on $ETH have led to extended downside.
This is how accounts get hurt. Blindly following a call without checking current price action turns a potential bounce into a deeper hole.
Where do you think $NEAR heads next after that kind of move?
#NEAR #CryptoLessons #RiskManagement
Traders jumping on these optimistic targets often face the pain of further declines. They get stuck in positions they don't know how to exit as losses mount.
The take was direct. $NEAR is probably going to hit 7 this time so go long. But that came with the token already down 11.47 percent. In crypto such moves frequently continue if $BTC isn't providing a tailwind. Most missed that a target like 7 dollars after a dump is more hope than analysis, especially when similar setups on $ETH have led to extended downside.
This is how accounts get hurt. Blindly following a call without checking current price action turns a potential bounce into a deeper hole.
Where do you think $NEAR heads next after that kind of move?
#NEAR #CryptoLessons #RiskManagement