Congratulations to everyone who followed my trade. If you would had followed my previous trade, you should be enjoying around 40% profit.
As I wrote before, it's time to analyse the market again and start looking for a new trade.
I have drawn a Bull Flag pattern, which is the most bullish scenario that can happen for NLG/BTC. If the bull flag pattern follows through, we might see a climb towards the 800 region, possibly even testing 1000 sat.
If you are a high risk trader, I'd start to accumulate and keep a tight stoploss (like below 390-415 sat). At time of writing this would be about a 10% loss. However, the reward could be a jump into 120%.
I personally do not take this risk, I prefer to wait a little, in order to see if the bull flag persists. That's when I will quickly buy and enjoy the ride.
I'll try to keep you updated.
As I wrote before, it's time to analyse the market again and start looking for a new trade.
I have drawn a Bull Flag pattern, which is the most bullish scenario that can happen for NLG/BTC. If the bull flag pattern follows through, we might see a climb towards the 800 region, possibly even testing 1000 sat.
If you are a high risk trader, I'd start to accumulate and keep a tight stoploss (like below 390-415 sat). At time of writing this would be about a 10% loss. However, the reward could be a jump into 120%.
I personally do not take this risk, I prefer to wait a little, in order to see if the bull flag persists. That's when I will quickly buy and enjoy the ride.
I'll try to keep you updated.
Comment:
It didnt follow the pattern, but if you bought as written above, you should still be safe.
