BYBIT:NEARUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
NEAR 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: BTC 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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