NEAR PROTOCOL $NEAR CALLING THE TOP HERE. NFA. DYOR

Sharing my thoughts on comparing charts with Wyckoff Distribution. Final target is 5.5 USD. While RSI is bearish. Overbought on all technical indicators.

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Lost the support from previous high 17.95! it will come back to retest and hopefully get rejected according to Wyckoff Distribution model.

Note

Forgot to post this NEAR/BTC which was at resistance making a new high.

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Here is Wyckoff Distribution Schematic 1 for better understanding.
miro.medium.com/max/1400/1*5R-JCgN8nbNsKv8No6B-sw.png

Trade closed: stop reached

If this is a fake out above the ascending broadening wedge and it fall back into the channel, i will post a short. But I got no clue here. Also, I wouldn't long here at all.

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NEAR fake out successful above ascending wedge which is technically bearish.
It fell back to wedge again failing the retest. Lost trend for now. I will short at retest. Just a game whales like to play "Liquidate shorts and Liquidate Longs" or vice versa.

dhruvbhagat1992

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dhruvbhagat1992

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