NEARUSD This is actually very simple setup , I dont think it's possible to bounce from white trend line anymore this move is already exhausted , for keep going up it needs to go above 3.5 and make it strong support before hitting the white trendline again , so idea is that if price retrace back to 2.8 it will prbably go much lower unless it keep the parabolic move until 3.5 , so I move stop loss for my longs from 2.7 to 2.75 and will keep moving it up with the trendline . also I might stop writing in tradingview for good it's like a ghost town with bunch of clueless scammers with nonsense chatgpt generated useless advices , I use it as trading journal and being public is more fun but the thing is with no feedback and toxic community it's actually becoming frustrating and kill the fun out of it
NEARUSD still holding longs and just moved stoploss to 2.7 , seems its back in previous range the main area to watch is 3.1 where monthly candle opens and 3.2 previous lower high, overall it seems another sort of market manipulation they are pushing the price in low volume hours to liquidate people that are shorting with basic reasoning that the monthly candle would stay in red . if it passes 3.1 like this I will sell the rest and will look for a sell opportunity , a sustained uptrend need geniune buying pressure not pump like this on low volume asian hours
NEARUSD 25% in 3 days nice, closing half of my longs above previous lower high , and moving stoploss in small profit for the other half in case it keeps going up
NEARUSD For some reason we keep having pump on weekends with low volume and lack of high open interest probably just to takeout short stoplosses for grabing more exit liquidity, overall price is staying in small range while open interest is keep going down , this is a bad sign meaning that whales/traders in general are aggressively taking out their money and not trading this, defenitely not a good sign for future of NEAR , lack of participation can cause very sharp up or down moves in short term. until this trend changes , it's defenitely not a good idea to buy tradingview.com/x/94VYmgtp/
NEARUSD Technically this wave 5 should end some where arround 1.9 (same as wave 1) , but do I think it goes that low ? no because it lacks enough power and moving very slowly will start to DCA and buy if it goes bellow 2.5 ,I actually become bored and sold my shorts too early but thats no problem I enter short in LTC instead
NEARUSD clsoing all my shorts at 3.3 moving to something else , there is no good price action here , will come back if it starts a proper trend and not act like a dead token
NEARUSD last year trading was much better we had easilly 40-50 percent moves every few days , but now market is very slow it cant even move 10 percent in a direction without reversing it completely ,so much or the alt season! I guess traders are still out of gas after that 2bil liquidation of Feb 3
NEARUSD I could close my shorts in proft but I decided to hold them ,I'm still in profit and my stop loss didnt get hit, not sure why we are having a breakout of descending channel , I see no bullish reason in the market , it's either a fakeout or sth is going to happen that we ordinary retail traders are not aware of yet , I moved stop loss to 3.8 and add another short order at 3.7 to DCA a little bit , things are starting to get risky here, I defenitly dont like to go long at these prices without BTC properly bottom out first
NEARUSD This is actually very simple setup , I dont think it's possible to bounce from white trend line anymore this move is already exhausted , for keep going up it needs to go above 3.5 and make it strong support before hitting the white trendline again , so idea is that if price retrace back to 2.8 it will prbably go much lower unless it keep the parabolic move until 3.5 , so I move stop loss for my longs from 2.7 to 2.75 and will keep moving it up with the trendline . also I might stop writing in tradingview for good it's like a ghost town with bunch of clueless scammers with nonsense chatgpt generated useless advices , I use it as trading journal and being public is more fun but the thing is with no feedback and toxic community it's actually becoming frustrating and kill the fun out of it
