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Gold_D_Roger
Dec 22, 2021 8:36 AM

NEAR Breakout of Triangle - LONG the retest! Long

FTX:NEARPERP240
NEAR Perpetual FuturesFTX

Description

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NEAR just brokeout of triangle formation with bullish momentum on the MACD.
Wait for retest of the top of triangle, the previous resistance and LONG.

TP and SL as shown :)
Feel free to share your thoughts and comments

Comment

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A little greedy on the entry, wanted maximal reward to risk ratio, missed this trade.

Oh well, I stuck to the rules so all's good :)

Order cancelled

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Trend AnalysisChart PatternsTechnical IndicatorsNEARcryptoCryptocurrencyBTCcryptosignalssignalfuturesBitcoin (Cryptocurrency)
Comments
Jgooodman
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Not a bad setup, I like it. I think you could of taken that at support and increased your Risk to reward ratio but over all I like it.
Gold_D_Roger
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@Jgooodman, Thanks! Yes you are right, unfortunately, I missed the trade when it was at support and MACD was crossing up, this would be a good follow up entry.
Jgooodman
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@Gold_D_Roger, ahhh I hear, that happens! Your location still pretty solid. I have no idea what your trading lol , but the price action is nice
Gold_D_Roger
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@Jgooodman, what a beast! It shot straight through without much pullback, oh wells, onto the next :)
Jgooodman
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@Gold_D_Roger, absolutely. No worries, you will catch the next one. Review, optimize and move on
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