NEAR - Updating historical lows

26 May 2022

Reasons to take short
⭐️ BTC is bearish
⭐️ Trend bearish
⭐️ Level is 14d old
⭐️ Level is visible on multiple timeframes
⭐️ Instrument doesn't show any power
⭐️ 3rd touch
⭐️ Under VWAP

We need more accumulation near the level before considering short. Instrument has to consolidate
Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%

Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum


What do you think of this idea? What is your opinion? Share it in the comments📄🖌
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones