this is not a financial advice, educational purposes only
NPXS/BTC currently available on binance, target 120, 150, 170 satoshi with a stop loss below the previously made lows around 80 satoshi
there isn't much data available, but made the first leap after finding support around the 80 satoshi, formed a pennant broke above previous resistance and retraced
as I said there isn't much data, this is shown on a 2 hour chart.
We can see the previous candle where it sold downwards 90 provided previous support on 1 candle with a long green wick and sold down again hard with 2 long bearish candles, afterwards its all wicks tagging up to 90-93 sat, where it became resistance before meeting its bottom at 80 sat
currently opened for an entry @ 90-92 satoshi
NPXS/BTC currently available on binance, target 120, 150, 170 satoshi with a stop loss below the previously made lows around 80 satoshi
there isn't much data available, but made the first leap after finding support around the 80 satoshi, formed a pennant broke above previous resistance and retraced
as I said there isn't much data, this is shown on a 2 hour chart.
We can see the previous candle where it sold downwards 90 provided previous support on 1 candle with a long green wick and sold down again hard with 2 long bearish candles, afterwards its all wicks tagging up to 90-93 sat, where it became resistance before meeting its bottom at 80 sat
currently opened for an entry @ 90-92 satoshi
Comment:
REMINDER: always have stop loss in place no one is 100% correct but the current area is also a place where the risk should be taken A: support B: reversal C: retrace for an entry.
Comment:
with the current formation of a possible double bottom and BTC shifting towards the short term bullish we may see a better probable of NPXS sideways then uptrend although it went under where i bought it still made a higher low, and im not going to close the trade unless it automatically hits stop loss, instead if it goes up I'm just going to up my stoploss
with the current formation of a possible double bottom and BTC shifting towards the short term bullish we may see a better probable of NPXS sideways then uptrend although it went under where i bought it still made a higher low, and im not going to close the trade unless it automatically hits stop loss, instead if it goes up I'm just going to up my stoploss
Trade closed: stop reached:
stopped out below 80,