As you can see we were in downward trend and just found a bottom, this bottom has been bounced on so many times before that it will be hard to break.
We bounced short up a good percentage and now moved into consolidation. This consolidation channel excites me as coins can stay here for hours, to days to weeks.
See the bottom red line thats the base and the top green line thats the top. Crunch some numbers top to bottom is about 12% difference, what a winner.
Buy the bottom of the channel sell at the top, if only this coin could stay here forever, the turnaround from bottom to top seems about 20 hours. 10-12% every 20 hours I can deal with that.
Now don't buy and sleep buy the bounce on the red line and stop loss is set 1% below the red line.
When we get to the green line don't sell until you can see a down bar heading back down, so wait for it to bounce off the green line.
The reason we don't sell right on the green line is because we may break it and continue up to target 1 so need to hold on to that.
This is a safe trade and also applies to NBT holders if we break the red line your stop was 1% below if we break the green line your still holding.
If you own NBT why not make money off it now following this method unless you like watching grass grow then just hold onto it and set that stop loss.
Cash Is King, here to deliver you some cash! Join jump on the train we make 5-10% per day with or without you.