I flipped this one a while back, basically went all in on with the dust I had in my Kucoin account, which was devastated by the bear market. This was a 3x for me! It's helping to rebuild my Kucoin account slowly.
I thought I would take a look at it again since I haven't in a while. There is nothing bullish about this chart. I am glad I didn't buy back in. I have laid out two paths for NRG:
1. Break the diagonal trendline and retest the current level (this is long term major horizontal support).
2. Break this support level, and reclaim it.
For now, I will not touch this, but I think it is coming close to the point where one can trade it again.
I thought I would take a look at it again since I haven't in a while. There is nothing bullish about this chart. I am glad I didn't buy back in. I have laid out two paths for NRG:
1. Break the diagonal trendline and retest the current level (this is long term major horizontal support).
2. Break this support level, and reclaim it.
For now, I will not touch this, but I think it is coming close to the point where one can trade it again.
Trade active:
140-ish sat area is holding. I'm personally not in this trade, but I'm watching. I obviously have a soft spot for this coin that helped to rebuild my Kucoin account.
Order cancelled:
I don't think the bottom is in yet. Could be a ways away.