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I paused for a moment. $NEAR This long position from 1.4876 has now skyrocketed on the books to +1740.30%, a magnitude you don't see every day. Staring at the PnL, I had to take a couple of seconds to breathe; don’t get too excited and start clicking randomly.
That 1.4876 level was tested for a long time, but the support below never broke. After a volume decrease that halted the decline, there was a sign of increased volume pushing the price up again, which also shows capital relay. I don’t want to hesitate anymore; I’ll follow the long position strategy and set the order, aiming to ride this rebound extension.
Now the price has already reached 1.851, and the space given is quite exaggerated. My view is to take out 70% first to lock in profits, and keep the remaining 30% to see if there’s a final wave, but stop-loss protection must be in place. Don’t hold through the upcoming volatility; if you didn’t catch the move, don’t chase the high. Wait for the next signal to come out and follow the reminder to exit. $BTC $ETH