$NEAR/USDT 4h (Binance Futures) Descending broadening wedge

24 set 2021

Near Protocol is pulling back and is likely to bounce on 200MA support then probably breaking out of the wedge.
This network runs on a Proof-of-Stake (PoS) consensus mechanism called Nightshade, more information on near.org

Current Price= 7.429
Buy Entry = 7.405 - 6.871
Take Profit= 8.808 | 10.706 | 12.847
Stop Loss= 5.797

Risk/Reward= 1:1.25 | 1:2.66 | 1:4.26
Expected Profit= +23.40% | +49.99% | +79.98%
Possible Loss= -18.79%

Fib. Retracement= 0.786 | 1.414 | 2
Margin Leverage= 1x
Estimated Gain-time= 2 weeks

15 ott 2021

Trade attivo

All entries filled

Near Protocol lost 200MA but TL is holding so far, also 100EMA on 12h chart, we still believe it's a good place for a bounce.

15 ott 2021

Nota

TP1 missed by 0.056$ then pulled back to entry

Near Protocol faked-out bullish last week but this time it seems for real, we are manually adding to the position here!

21 ott 2021

Trade chiuso: obiettivo raggiunto

TP1 reached with +23.40% (1x) and +1.25R

Near Protocol took its time to regain 200MA support and finally break out of the wedge.
Bulish continuation is likely, SL adjusted to lowest entry anyway (6.871$)

25 ott 2021

Trade chiuso: obiettivo raggiunto

TP2 reached with +49.99% (1x) and +2.66R

Near Protocol is pushing higher according to the plan, great profit so far with up to +64.74%!
Road to last target now, SL updated to first entry (7.405$) so we can't lose anymore.

26 ott 2021

Trade chiuso: obiettivo raggiunto

TP3 reached with +79.98% (1x) and +4.26R 🎯

Near Protocol achieving all targets as well, what a winning streak, trade is closed now.