NEAR / TetherUS
Long
Updated

NEARUSDT needs to get new liquidity for the reversal

396
snapshot
The price lost the monthly support on 7.3$ and the daily support as well on 6.2$.
Now the price is going to create equal lows on the 4h timeframe on 5.6$ above the demand zone on 5.6$

How to approach it?
IF the price is going to have a breakdown from the 4h support and grab new liquidity, According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
  • 🟣 Purple structure -> Monthly structure.
  • 🔴 Red structure -> Weekly structure.
  • 🔵 Blue structure -> Daily structure.
  • 🟡 Yellow structure -> 4h structure.

–––––
Follow the Shrimp 🦐
Note
snapshot
The price is following my drawing.
5.4$ is the demand zone

Let's see!
Note
The price is testing weekly support. We are waiting for the 4h flip on 5.4$ for a possible reversal trade
snapshot
Note
The price needs to flip the 4h resistance on 5.4$.
since my idea, we made more than 18% 😎
snapshot
Note
the price needs to confirm the flip as I told you!
snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.