Risk/Reward: Risk ∼4-5% to make 7% and 12% = 1:1.5 to 1:2.5 - Decent for a short scalp.
*Warning: Don't hold this short long term. NEAR is +127% in 30 days and +278% in 180 days. The 4h and 1D uptrend is too strong to fight. This is only a *short to MA20*. If $4.34 (MA20) holds, NEAR will bounce hard again.
*My advice: If you want to short, do it small with tight stop at $5.20. Better short will come only if daily closes BELOW $4.34 (MA20)- then you can target $3.75.
chibicks
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Bearish
$NEAR
SHORT 📉
*Entry 1: 4.98 *Entry 2: 5.10
Take Profit Targets: 📈TP1: 4.90 📈TP2: 4.82 📈TP3: 4.70
We'll need to adjust to the current situation...📈✅
chibicks
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📊 $BTC
By the look of it, we will most likely get a daily close above this resistance...If that happens, it will confirm a further move up to the next resistance located at 65,000...📈📉👀
By the look of it, we will most likely get a daily close above this resistance...If that happens, it will confirm a further move up to the next resistance located at 65,000...📈📉👀
Based on the current situation, there is a possibility that the selling pressure at the current resistance may not be enough to form a reversal and continue the correction. Therefore, the desired reversal is best expected from the $62-63$k trading range. There are two significant resistances located there, which with a higher probability will be able to finally change the trend to the downside.
chibicks
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Bearish
✏️ #Bitcoin
We continue to trade around resistance near ~$62k
For now, they are not very willing to push it down. The price is passively being accumulated in one spot, without showing any certainty -just building liquidity.
For now, they are not very willing to push it down. The price is passively being accumulated in one spot, without showing any certainty -just building liquidity.
As I warned, they are trying to manipulatively push the price higher to flush out the bulk of short positions. It's tough, but so far they are managing to do it
We allow for one more upside impulse to the $62k resistance, after which we will expect the correction to resume with price moving below $57,000
chibicks
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Bearish
✏️ $BTC 📈
Overnight, Bitcoin tested the $61,200 and currently at $61,800 level three times already, but each time it met selling pressure and rolled back down.
I think that after a few more tests of the $58,000 level, we will see its final breakdown and the correction will noticeably accelerate...Not much longer now
chibicks
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Bearish
📊 $BTC 🟢
Overnight, we saw a drop in #Bitcoin to $57,700, from which a quick rebound back to $60,000 followed...They are shaking it in both directions within the local sideways range, but we noticeably observe selling dominance even when bounces occur, they are quickly neutralized...📈📉👀
Overnight, we saw a drop in #Bitcoin to $57,700, from which a quick rebound back to $60,000 followed...They are shaking it in both directions within the local sideways range, but we noticeably observe selling dominance even when bounces occur, they are quickly neutralized...📈📉👀
We are holding right on the edge of a decent corrective wave...📉📈👀
chibicks
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Bearish
📊 Buyers are hanging by a thread...
Here is the confirmation of what I was telling you guys about...The nearest significant buyer liquidity level is located at $55k. 📉👀#BTCPricePrediction
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