NEAR/USDT : Consolidating into a RANGE

Hello everyone 😃
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has formed a wide range channel which has held the pair for 25 days.
Now it has gained bullish momentum once again as it's broken above the range's mid!
But so; As we all know, There'll be always fake-out or deviations...

In terms of possible rejections, I just mentioned the two possible scenarios to trade with :
- Be noticed that both of them need active management with tight SL and multiple targets!

📈 Bullish scenario: Currently the most possible scenario is to face more bullish continuation, In this way; If we get closings above the mentioned S/R line at $15.1, Then you can locate your Longs on a proper retest of the broken marked line.
- Be advised that the SL should be located below the Range's mid with active management!

📉 Bearish scenario: has reached one of the main S/R lines at $40600, As it consolidates below the resistance; There'll be always a chance of quick rejection into yesterday's lows...
In terms of rejection; If we get closings below the Range's mid at $14.7, Then you can locate your Shorts on a proper retest of the broken marked line.
- Be advised that the SL should be located above the S/R line at $15.1 with active management!

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Helical_Trades

Helical_Trades

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