✳️ NANO | Support Found? Let's Ask The Chart!

While most of the pairs we have been looking at are already bullish, here we have one that is mixed.

➖ XNOBTC has been retracing after a major bullish breakout in December 2023.

➖ The bullish signal here comes from the fact that a bounce is happening exactly at the 0.786 Fib. retracement level relative to the December 2023 bullish breakout.

XNOBTC Bearish signals

• The RSI is weak.
  
• The action is happening below EMA10 and the rest.
  
• Previous sessions closed red.
  

But, the current price range is a strong support level and worked back in August 2023.
The stop-loss hunt event also happened right below this level.

Any trading above it —yellow on the chart— can be super bullish.
If prices move below, bearish.

👉 Potential target can go to 100%-180% short-term.

Thank you for reading.

Namaste.