Strap In: Riding the Last Leg of $NEIRO!
Updated
With the previous accumulation, we could see a little further price contraction before the impulse.
It seems reasonable to start sizing up since these things tend to explode without many chances to jump in.
I am using the daily block this time instead of the 4-hour block as a demand zone, along with the wick of the last impulse move. Will it get that low? Not sure, but if it does, it will be the last chance, as it has maintained the trend at $0.0016.
I’m aiming for a 2x on this last leg. I think it will correct hard after reaching somewhere between 1b and 2b.
NEIRO
It seems reasonable to start sizing up since these things tend to explode without many chances to jump in.
I am using the daily block this time instead of the 4-hour block as a demand zone, along with the wick of the last impulse move. Will it get that low? Not sure, but if it does, it will be the last chance, as it has maintained the trend at $0.0016.
I’m aiming for a 2x on this last leg. I think it will correct hard after reaching somewhere between 1b and 2b.
NEIRO
Trade active
Close enough to $0.0016.
I am buying some back here at $0.0017.
Note
Bottom in, as long as it stays above 0.001650
Trade closed: stop reached
Bitcoin couldn't hold above 66.5k. I'm taking the loss and will consider re-entering if it deviates below any of the current support levels.
Note
This actually doesn't look bad to add to spot.
New post coming up
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