Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 NEARUSDT has exhibited an overall bullish trend, trading inside the rising broadening wedge in red.
At present, NEAR is undergoing a correction phase and it is currently approaching the lower bound of the wedge.
Moreover, it is retesting a strong support/structure marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #NEAR approaches the lower blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
📈 NEARUSDT has exhibited an overall bullish trend, trading inside the rising broadening wedge in red.
At present, NEAR is undergoing a correction phase and it is currently approaching the lower bound of the wedge.
Moreover, it is retesting a strong support/structure marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #NEAR approaches the lower blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
www.RichTL.com
Instagram:
www.instagram.com/richthesignalyst
Telegram:
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
www.RichTL.com
Instagram:
www.instagram.com/richthesignalyst
Telegram:
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal