So I've given out two NANO trades but both trades I had my entry too early. See my previous ideas for their logic and justification.
NANO has FINALLY broken its descending trendline (in purple). As 100K is a major psychological level, a break of 100K will very likely lead to a significant bull run for NANO in the next few weeks. NANO also has major news coming out today in the form of new beta wallets and new UX for the desktop wallet.
I entered this position aggressively at around 86.9K to ride the short-term pump and get out, but re-entered after it made a higher-low at around 89K (my sleep schedule hates these price alerts), since I'm confident 100K will be broken soon. If we break below 92.5K again that will be my second exit signal.
If you have not yet entered a position I would personally wait for a convincing break of 100K. Remember, money is made between the 30 yard lines, not in the red zone. Since today is a critical day for NANO's price I'll probably be watching this trade closely for at least the next 24 hours, unlike my usual trades which I very consciously try to ignore so as to avoid emotion ;).
NANO has FINALLY broken its descending trendline (in purple). As 100K is a major psychological level, a break of 100K will very likely lead to a significant bull run for NANO in the next few weeks. NANO also has major news coming out today in the form of new beta wallets and new UX for the desktop wallet.
I entered this position aggressively at around 86.9K to ride the short-term pump and get out, but re-entered after it made a higher-low at around 89K (my sleep schedule hates these price alerts), since I'm confident 100K will be broken soon. If we break below 92.5K again that will be my second exit signal.
If you have not yet entered a position I would personally wait for a convincing break of 100K. Remember, money is made between the 30 yard lines, not in the red zone. Since today is a critical day for NANO's price I'll probably be watching this trade closely for at least the next 24 hours, unlike my usual trades which I very consciously try to ignore so as to avoid emotion ;).
Trade active:
Sold at 92.8K after noticing the significant break of the 93K support.
Bought back in this morning after we broke the descending channel. Expecting another test of the 98K level, which we will likely reject at least one more time before breaking out (assuming a breakout occurs)
Bought back in this morning after we broke the descending channel. Expecting another test of the 98K level, which we will likely reject at least one more time before breaking out (assuming a breakout occurs)
Trade active:
Not done yet...
A break of the 87K mark would be a good target for small entry, and enter a larger position on the break of 90K.