🚨 A close encounter with MA25 has left $NEAR reeling. Stron | Anrei Official on Binance Square

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🚨 A close encounter with MA25 has left $NEAR reeling.Strong selling pressure was evident as the price touched resistance 📉
Key Trading Points:
Trading Plan -> 🔴 Short $NEAR
Entry: 1.52 - 1.54
SL: 1.59

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NEAR

1.482

-7.89%

20

0

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💥 Breaking News: The US Treasury has made a significant move in the market by purchasing $3.7 billion worth of its own debt 📈 This is a notable step as it demonstrates the government's confidence in the value of its own securities 💸. A glance at the futures market shows that the price action for BTCUSDT hasn't been significantly impacted so far ⚖️. The current trend and market sentiment remain unchanged, with traders waiting for more substantial movements or catalysts to react to 🔍.

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**Market Update: Critical Support Zone for $BTC** The price of $BTC has reached a crucial juncture near 85k. The strong rejection from the 90k zone, defended by bears, has shifted momentum to the downside. Multiple failed attempts to hold above resistance have given control back to sellers. This critical area is key to determining the market's next move. **Key Levels to Watch** Immediate Support: 85,000 – 85,300 If the breakdown below 85k confirms: Next Support 1: 83,000 Next Support 2: 81,000 (strong demand zone) **What's Next?** If $85k support holds, a relief rally to $86k, $87k, and $88k could be seen. As long as BTC stays below 88k–90k, bearish pressure persists. A clean breakdown below 85k would likely accelerate downside moves. **Trade with Caution** Trade carefully, avoiding over-leverage, and wait for the structure to confirm before committing.

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**Binance Square Trading Strategy** 🔴 **Entry Points** ------------------- Two potential entry points for a BTC short scalp trade are: 89,800 - 90,300 📊 These levels indicate a possible reversal in the market trend. **Take Profit Targets** 💸 ----------------------- Set the following take profit targets to secure your gains: TP1: 89,200 📈 TP2: 88,500 (aligned with EMA200 on the 1H chart) 📊 TP3: 87,800 (exercise caution) **Stop Loss** ⚠️ ---------------- A hard stop loss at 91,200 is recommended. If the price breaks and holds above this area, it may indicate a wrong short position, and BTC could potentially rise to 92.5k - 94k 📊

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Trading can be emotionally draining, especially when unexpected losses occur. A significant setback like losing one's wedding budget in the volatile crypto market can leave a lasting impact. 🚨 For example, investing in a promising project like $PIPPIN only to see it decline, may raise questions about one's investment strategy and future prospects as a trader.

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**Crypto Conundrums** We've all been there - feeling lost in the world of cryptocurrency trading 🤯. Recently, a user reached out to us for help, sharing their frustration 😞. $ZEC A beginner trader's concern: should they hold or close their position? 💸 **Let's Break it Down** Hold: This option involves waiting for the market to recover and selling at a higher price 📈. Close: Closing the position means cutting losses and minimizing further risk 🔒. **Position Overviews** • $1000LUNC - A volatile asset with significant fluctuations in value 🚀 • $PIPPIN - A cryptocurrency known for its growth potential, but also high risk 🤑 • {future}(PIPPINUSDT), {future}(1000LUNCUSDT), and {future}(ZECUSDT) - These futures contracts allow users to speculate on price movements without holding the underlying assets 💸. **What's Next?** Consider diversifying your portfolio, using proper risk management strategies, and staying informed about market trends 📊.

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