Nano has broken a support line but bounced off another support line but Nano looks like it wants to follow a down trend (orange line) put a tight stop loss if in the trade or if entering wait to see if it keeps bouncing off that support line (red line) just my opinion not financial advice
Comment:
Nano bounced of the light blue support line and the red support line, every time you have a double trend line crossing at a point and a candle getting close to it you can expect a bounce like Nano did here, now we wait and see if breaks above the blue box and green line which are acting as resistance, if it breaks above it will continue to follow the green trend line if it doesn't it will continue the yellow trend line low that is where i will set a stop loss
Comment:
Nano is forming a Doji doesn't know what to do option one follows the green trend line (bullish) or follows the orangy trend line ( bearish) keep an eye out
Trade active:
Nano decided to be mean with us and followed the orange line but no worries we have 3 support trend lines as support the red the orange and the light blue seems like it wants to follow the bottom blue line and top green line until it brakes it, hopefully soon er than later
Trade active:
wow Nano jump rite up from the red and yellow trend lines that also act as support like we just saw here, so depends on where nano manages to close we can then see if it will follow the green upwards trendline which i hope Nano will or follow the yellow trendline down and if it does go down im expecting it will bounce off where the red and yellow line meet which act as double resistance but if it breaks it and closes under i'm running far from nano so lets keep an eye on Nano like a Hawk in the sky
