Long
NXT/BTC Long
NXT is in a nice bull run and it looks like a great time for it to moon. Will wait for price to drop back down to the closer support line that it's bouncing really nicely from before entering. Based on historic values, it looks like we will see some resistance at the 0.236 Fib level and of course the recent high. I have no problem seeing this reach a target price of 0.000105, especially if it can bounce nicely from the current 0.5 Fib level. Will set the stop/loss just below the 2nd support line. Expect rice to bounce between support uptrend and resistance downtrend. Once resistance downtrend is broken, we should see the price bouncing off the resistance uptrend line instead
Entry: ~0.000039
Stop/Loss: 0.0000307
Target is about a 150% profit
Entry: ~0.000039
Stop/Loss: 0.0000307
Target is about a 150% profit
Note
Please see updated trade
Trade active
Bought in at 0.00004Trade closed: stop reached
Missed out on initial stop/loss due to forgetting to place one.. Sold at 0.000028. Better to get out now than risk further losses
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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.