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💎Technical Analysis Summary💎
BINANCE: NXSBTC
-Nexus is now testing the important weekly key level of support
-This is the swing low last May trading history
-The Bulls must defend this area otherwise the Bears will take the lead
-I'm expecting NXS to consolidate inside this triangle pattern until EOY
-You don't want to hold on bags without any Bullish price action
-So my recommendation is to wait until the trendline resistance is broken upward
A big Thanks for donating 💰 via Tradingview coins this week to ahancock 🙏🎉
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
BINANCE: NXSBTC
-Nexus is now testing the important weekly key level of support
-This is the swing low last May trading history
-The Bulls must defend this area otherwise the Bears will take the lead
-I'm expecting NXS to consolidate inside this triangle pattern until EOY
-You don't want to hold on bags without any Bullish price action
-So my recommendation is to wait until the trendline resistance is broken upward
A big Thanks for donating 💰 via Tradingview coins this week to ahancock 🙏🎉
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
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Comments
Currernt supply is 64 M minus 28 M locked is 36 M coins. Demand is not there yet, but considering the current price I assume that Bears cannot take control because there is no much room left to the downside.
Sure, from 1600 sats to 800 sats is a big 50% loss, but if you jump on an illiquid asset like that it must be espected and it's only a buy, buy and buy, just a retarded buy until this thing shine.