Nucypher has had several explosive breakouts and we could be on the verge of another breakout. We are in a 5 wave bearish trend at the moment and we're on the 5th and final wave.
We can mark out a descending trendline and wait for the breakout.
Trade idea:
- Watch for the breakout of the descending trendline and enter
- Alternatively, watch for bullish momentum at the double bottom region
- Stops below the lowest point once bullish price action appears
- Targets: taper off position as price moves higher and higher
We can mark out a descending trendline and wait for the breakout.
Trade idea:
- Watch for the breakout of the descending trendline and enter
- Alternatively, watch for bullish momentum at the double bottom region
- Stops below the lowest point once bullish price action appears
- Targets: taper off position as price moves higher and higher
Trade active
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