$NEAR/BTC 1D (Binance Spot) Falling wedge near breakout
Near Protocol bounced on 100EMA support and seems ready to push higher and outperform Bitcoin mid-term!
This network runs on a Proof Of Stake (PoS) consensus mechanism called Nightshade, more information on near.org
Current Price= 0.00013150
Buy Entry= 0.00013302 - 0.00012518
Take Profit= 0.00017953 | 0.00022122 | 0.00027735
Stop Loss= 0.00010613
Risk/Reward= 1:2.2 | 1:4.01 | 1:6.45
Expected Profit= +39.06% | +71.36% | +77.54%
Possible Loss= -17.79%
Fib. Retracement= 0.5 | 0.786 | 1.117
Margin Leverage= 1x
Estimated Gain-time= 2.5 months
This network runs on a Proof Of Stake (PoS) consensus mechanism called Nightshade, more information on near.org
Current Price= 0.00013150
Buy Entry= 0.00013302 - 0.00012518
Take Profit= 0.00017953 | 0.00022122 | 0.00027735
Stop Loss= 0.00010613
Risk/Reward= 1:2.2 | 1:4.01 | 1:6.45
Expected Profit= +39.06% | +71.36% | +77.54%
Possible Loss= -17.79%
Fib. Retracement= 0.5 | 0.786 | 1.117
Margin Leverage= 1x
Estimated Gain-time= 2.5 months
Trade active:
Both entries filled
Near Protocol dipped respecting demand zone and is about to break out of the wedge!
Near Protocol dipped respecting demand zone and is about to break out of the wedge!
Trade closed: target reached:
TP1 reached with +39.06% and +2.2R
Near Protocol bounced on 100EMA and broke-out of the wedge, that was precise!
50MA support is regained, bullish continuation is likely, SL edited to 2nd entry (0.00012518₿).
Near Protocol bounced on 100EMA and broke-out of the wedge, that was precise!
50MA support is regained, bullish continuation is likely, SL edited to 2nd entry (0.00012518₿).
NearProtocol retraced down forming an accumulation channel, a bounce back on support is likely.