$NEAR/USDT 2h (Binance Futures) Descending channel breakout
Updated
Near Protocol broke out of that parallel channel and is retesting it right now.
I expect a bounce on it since it's seems to be a bullish flag to me!
Current Price= 2.5011
Buy Entry= 2.5113 - 2.4101
Take Profit= 2.7717 | 3.0259 | 3.3859
Stop Loss= 2.2527
Risk/Reward= 1:1.5 | 1:2.72 | 1:4.45
Expected Profit= +25.28% | +45.94% | +75.20%
Possible Loss= -16.90%
Fib. Retracement= 1 | 1.272 | 1.618
Margin Leverage= 2x
Estimated Gain-time= 180h
I expect a bounce on it since it's seems to be a bullish flag to me!
Current Price= 2.5011
Buy Entry= 2.5113 - 2.4101
Take Profit= 2.7717 | 3.0259 | 3.3859
Stop Loss= 2.2527
Risk/Reward= 1:1.5 | 1:2.72 | 1:4.45
Expected Profit= +25.28% | +45.94% | +75.20%
Possible Loss= -16.90%
Fib. Retracement= 1 | 1.272 | 1.618
Margin Leverage= 2x
Estimated Gain-time= 180h
Trade closed: stop reached
SL hit with -16.90% (2x)Near was going as planned but suddenly dropped, too bad I'll try to catch it another time!
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