Description
⋅ There are 3-4 indicators currently pointing towards a potential breakout very soon.
- RSI touched the oversold area.
- RSI decline has been broken out of
- Sell pressure is declining
- A falling wedge breakout that appears imminent
I'm not trading NANO however my suggestion for a stop loss would be best below the wedge at around 0.0000940.
The falling wedge breakout target would be at 0.0001665 (52%) the next resistance above that are 0.0002370 and 0.0003600.
This is not financial advice.