Instrument: NEAR/USDT (1 h chart)
Entry: 2.481
Stop Loss: 2.5379 (just above the recent swing high)
Take Profit: 2.369 (1.618 × ATR below entry / next structural support)
Rationale:
Trend Structure: Price has broken a lower swing high/low sequence on both the H1 and H4 timeframes.
EMA Confirmation: Fast EMA < Slow EMA, and both are sloping downward on H1, confirming bearish momentum.
Fibonacci Retracement: Entry aligns with the 65% retracement of the last down‑swing, offering a favorable risk/reward.
ATR‑Based Levels: Stop set at 2× ATR above the entry to allow for normal volatility; TP at 4× ATR for a 2:1 reward/risk.
Session & Filters: All time‑of‑day, RSI, and HTF‑EMA filters are satisfied for a short bias.
Risk/Reward: ~2:1 (Risk 0.0569 USDT vs. Reward 0.112 USDT)
Entry: 2.481
Stop Loss: 2.5379 (just above the recent swing high)
Take Profit: 2.369 (1.618 × ATR below entry / next structural support)
Rationale:
Trend Structure: Price has broken a lower swing high/low sequence on both the H1 and H4 timeframes.
EMA Confirmation: Fast EMA < Slow EMA, and both are sloping downward on H1, confirming bearish momentum.
Fibonacci Retracement: Entry aligns with the 65% retracement of the last down‑swing, offering a favorable risk/reward.
ATR‑Based Levels: Stop set at 2× ATR above the entry to allow for normal volatility; TP at 4× ATR for a 2:1 reward/risk.
Session & Filters: All time‑of‑day, RSI, and HTF‑EMA filters are satisfied for a short bias.
Risk/Reward: ~2:1 (Risk 0.0569 USDT vs. Reward 0.112 USDT)
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.