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Mar 20, 2023 8:40 PM

NEXOUSD Buy but limited Long

NexoCRYPTO

Description

NEXOUSD hit both the MA50 (1d) and MA200 (1d) today.
The long term pattern is a Triangle that is limited by a Falling Resistance.

Trading Plan:
1. Buy on the current market price.

Targets:
1. 0.8500 (Falling Resistance and +53.50% move).

Tips:
1. The RSI (1d) is still only 60.00, indicating that until its usual deeply overbought tops, there is still room on this uptrend but only short term due to the Falling Resistance.


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Comments
SwallowPremium
Wow, your technical analysis is awesome man, thanks for the post!
RLinda
Correctly stated arguments, I agree with you. The idea proved to be informative and useful for further trading. Thanks my friend!
LegionQ8
Nice chart mate, it's correct idea as always from you
FirstNameHelen
Love this style! Thanks for sharing your idea
WalterMoon
Thanks for your technical analysis
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