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Michaël van de Poppe
@CryptoMichNL
CIO & Founder @MNFund_ and @MNCapital_vc | Host of @new_era_finance | Macro-Economics, Value Based Investing & Trading | Crypto & Bitcoin Enthusiast
Joined May 2010
1.8K Following    823.1K Followers
Absolutely phenomenal price action on $NEAR. It's above $5. Now, two questions to ask. 1. Is this the right time to buy for a long term position? Honestly, I don't think so. Narrative is strong, momentum is strong, but markets are going into waves. If you'd want to be building a position, just wait for a correction to come. It will come. Probably comments will say that it will never come, but it will. 2. How about daytrading this asset? Actually, this is a phenomenal one to daytrade, as it's doing clear support/resistance tests on a constant basis. I don't think we'll see much more upside yet, and I'm looking to derisk a little more here in these ranges, but overall. Congratulations.
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