Today I bring you this setup for NANO / USDT with a likely 10:1 Risk Reward Ratio and a 72% gain target I will likely take in the next few hours.
I set a limit order to BUY set at $4.30 and a Stop loss below the previous power wick, laying at $4.00. A tight stop loss in addition to a target defined by the Highest Daily close at $7.48 from the current triangle formation, make this trade have a great R:R value, with a 72% gain to be made. Also check the NANO/BTC graph, as you will see that price is also in a multi-year zone of support-resistance, further reinforcing the analysis.
ENTRY: $4.30 STOP: $4.00 TARGET: $7.48
*Not Financial Advice* ✅ LIKE AND SHARE IF YOU FOUND THIS ANALYSIS USEFUL ✅
Feel free to post any questions or concerns in the comment section. I would like to hear your opinion. Good luck to you all and trade safe!