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.
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.
Comment:
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.
Trade active:
Took longer than expected, DCA 1 reached ... waiting for DCA 2
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.
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.
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.
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.
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.