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**Binance Square Update** $NEAR has reached its daily target of 1.2 🚀🚀🚀 Future prospects for NEAR/USDT are looking promising. Tokens like $NEAR continue to attract investor interest due to their potential for growth and adoption in the blockchain ecosystem. A strong price movement can be seen in the chart for this pair, indicating a positive trend for traders. **Keep an eye on future updates for Binance Square!
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$ACT is seeing a surge in price, but hitting a roadblock ⚡️ To trade this momentum, consider taking a short position: Entry Point: Focus on the range between $0.235 and $0.225 for optimal entry 📈 Take Profit Targets: 1️⃣ $0.218 2️⃣ $0.213 3️⃣ $0.206 Stop Loss: Set at $0.245 to limit potential losses ⚠️
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Bitcoin's Relative Strength Index (RSI) has reached a rare low 📉 This significant drop often precedes substantial price increases, as seen in the last 5 instances where Bitcoin rallied by over +100% 🔥 Ethereum and Ripple are not experiencing the same level of market excitement or hype, suggesting that their prices may remain relatively stable for now 🐳 However, a +$180K surge is not entirely unprecedented and should not be dismissed as impossible 💸
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**Managing Positions with Binance Square** It's essential to understand when to close positions and take profits in a volatile market. Taking profit can be a strategic move, but timing is crucial. Opening a short position on $H using {TP} for the entry point is a deliberate decision that involves risk management. {SL} should also be set to limit potential losses. In this scenario, the focus is on taking profit from a {future}(HUSDT) position.
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**Short Setup for Binance Square's HUSDT Pair** The price of HUSDT has experienced an astonishing +50% growth in a short time ⚡️. Key Indicators Show Overbuying 📊 RSI on 1H is extremely overbought, nearing 97%. This suggests that the market may be due for a correction. **Setup Details** 🔹 Short entry zone: $0.1060 - $0.1085 🔹 Ideal entry near previous high: $0.1068 **Stop Loss Criteria** 🚫 Invalidation above $0.1120 A clean break and hold above this level cancels the short idea. **Take Profit Targets** 1️⃣ TP1: $0.0980 - Previous breakout base 2️⃣ TP2: $0.0900 - EMA support zone 3️⃣ TP3: $0.0820 - $0.0800 - Full mean reversion if momentum flips
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