CryptoTraderXL

NKN - low risk setup - about to explode

Long
BITTREX:NKNBTC   NKN / Bitcoin
NKN is the new kind of P2P network connectivity protocol & ecosystem powered by a novel public blockchain. NKN wants to use economic incentives to motivate Internet users to share network connection and utilize unused bandwidth. FA is really strong IMO. A lot of growth potential.

Soon NKN will launch 2 flagship products, this could cause some nice price action. And mainnet will be launched in the end of June.

NKN made a deep retracement.
RSI is oversold (just like 95% of the market)
This setup gives you a very good RRR.

Red line is stop loss.
Green box is entry area.
The star is my target

It should go up any time soon in my opinion

Like & share if you want to see more juicy setups.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.