NEAR is back at Entry levels.
After loading up 1.7$ 1.5$ and my biggest bag at 1.25$ levels took some profits on the last pump to 2.7$. Sold a little early tbh due to the Bearmarket Blues still influencing my emotions.
Now reloading my bags for the longterm at these levels again.
As i said in the previous post i like the fundamentals on NEAR. You can check the link post to read on the reasons for that.
It is true, it took a beating but that is mainly due to Alameda being one of their biggest backers in the last bull, and we all know how that went.
As for entry, a nice Inverted H&S is forming and i aimed to buy the Right shoulder to maximize my entry. IHS is on the 4H timeframe so not a very strong indication as of now eventhough i really like the 4H TF.
The same pattern is visible on the daily but its not as obvious.
Regardless of the IHS this area is where NEAR landed first after the initial Bearmarket crash, so it is a strong demand level and it looks like it is retesting it now.
Load em up, the Bull is NEAR!!!
After loading up 1.7$ 1.5$ and my biggest bag at 1.25$ levels took some profits on the last pump to 2.7$. Sold a little early tbh due to the Bearmarket Blues still influencing my emotions.
Now reloading my bags for the longterm at these levels again.
As i said in the previous post i like the fundamentals on NEAR. You can check the link post to read on the reasons for that.
It is true, it took a beating but that is mainly due to Alameda being one of their biggest backers in the last bull, and we all know how that went.
As for entry, a nice Inverted H&S is forming and i aimed to buy the Right shoulder to maximize my entry. IHS is on the 4H timeframe so not a very strong indication as of now eventhough i really like the 4H TF.
The same pattern is visible on the daily but its not as obvious.
Regardless of the IHS this area is where NEAR landed first after the initial Bearmarket crash, so it is a strong demand level and it looks like it is retesting it now.
Load em up, the Bull is NEAR!!!
Will be looking at lower levels at 1.2 - 1.3 area to load up again in case BTC breaks down more to below 25k