$NEAR/BTC 1D (Binance Spot) Falling wedge near breakout
Updated
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 filledNear Protocol dipped respecting demand zone and is about to break out of the wedge!
Trade closed: target reached
TP1 reached with +39.06% and +2.2RNear 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₿).
Note
TP2 was missed by 628 sats with up to +66.49%NearProtocol retraced down forming an accumulation channel, a bounce back on support is likely.
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