$NEAR analysis on the M30 timeframe
" Note: this analysis applies if the price drops below the 2,980 - 2,340 range. If it doesn’t break through, let's cancel the trade, alright? "
- If anyone has already entered a short position in the 2,4 - 2,47 zone like I did, keep holding and wait for clearer price action confirmation (currently risky).
+ Waiting for the price to break through the 2,333 zone down to around 2,27... --> after that, the price will bounce back up to 2,333, then start shorting.
+ this is where buyers above will accept taking losses before the price drops. At the same time, it's a good zone for shorting.
- Target to aim for.
+ Zone 1: 2,128.
+ Zone 2: 1,980 - 2,040.
+ Zone 3: 1,875 - 1,915.
- It's up to you to decide. For those who want to go deeper, feel free to adjust your stop-loss and balance accordingly.
" Reminder: must wait for price confirmation before entering the trade.",
- Wishing everyone a great day.