Hi guys , after the new year celebration we get things to be continue as normal and fresh. I wish you all happy new year. Today is Monday so I come with an idea .
NEARUSDT is reached a previous zone that acted as support which now turns to resistance this is happened in the 4 hr chart but my illustration is on the hourly chart so that make sure you see the 4 hr chart to see the big picture .
the level I marked out between 1.300-1.309 acted as support and resistance multiple times in the past so now price reached in that zone. what should we expect from this ?
1. Ride the move to the downward direction that is also the current trend direction as the analogy "the trend is your friend " for now we have to look shorting opportunity.
2. If case 1 did not happen we are going to look for buying opportunity with in the same zone we marked out.
stay safe and happy new year again guys
Never trade without stop loss
Use proper risk management
Risk only what you can afford to loose.
NEARUSDT is reached a previous zone that acted as support which now turns to resistance this is happened in the 4 hr chart but my illustration is on the hourly chart so that make sure you see the 4 hr chart to see the big picture .
the level I marked out between 1.300-1.309 acted as support and resistance multiple times in the past so now price reached in that zone. what should we expect from this ?
1. Ride the move to the downward direction that is also the current trend direction as the analogy "the trend is your friend " for now we have to look shorting opportunity.
2. If case 1 did not happen we are going to look for buying opportunity with in the same zone we marked out.
stay safe and happy new year again guys
Never trade without stop loss
Use proper risk management
Risk only what you can afford to loose.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.