Near protocol to keep going down for the sort term

Jun 3, 2022

Given the bear market I expect the price of NEAR to keep going down before a rally.

As I see NEAR as a long term investment I will start to DCA

DCA 1: $4.87 (25%)
DCA 2: $4.50 (50%)

And a final hail marry at $1.62 (25%).

The bottom target is unlikely to happen, but it is the next level of resistance, (but we have to go far in the past to see it).

I do expect a rally eventually to take us back above $6 regardless of the targets we reach.

Jun 8, 2022

Note

While the down trend did not happen as soon as expected, we are now moving sideway and I still expect a move to the down side as soon as BTC breaks down.

Jun 11, 2022

Trade active

Took longer than expected, DCA 1 reached ... waiting for DCA 2

Jun 12, 2022

Trade active

Because the prices are falling so fast I moved my DCA 2 to $3.70 and that target was reached as well.

Because of that, I might do my final 25% at a slightly higher price, (maybe $2.00 or $2.50), this is because I feel tat we are actually closer to the bottom in general.

Jun 17, 2022

Trade closed manually

It does not seem like we will reach the final target soon.

The market is still very weak and I will keep an eye out on the prices as it might still happen.

For now I will stake my DCA1 an DCA2.

Aug 19, 2022

Trade closed: stop reached

While I still think there will be an upward move, I think it is best to step back and sell until the dust settles.