NANO on Critical Breakout Point | Short-Term 25% Profit
Updated
NANO sits at a critical point, making a wedge. The next few days are going to be critically important. Depending upon how it breaks the wedge, it can either go upward or downward.
The increasing support indicates the chances of breaking upward are higher. This is a good point to enter with your stop-loss limits in place.
Trading:
Warning: This is just my point of view. This might or might not be true. You can set your limits accordingly. I don't want you to jump in blindly. DYOR and only get in if you are satisfied with it.
Buy Range: 3.56 - 3.61 USDT
Sell Limit: 4.50 USDT (25%+ Profit | Short-Term)
Stop Loss: 3.42 - 3.45 USDT (In case it breaks down-ward, you should exit timely and be safe)
The increasing support indicates the chances of breaking upward are higher. This is a good point to enter with your stop-loss limits in place.
Trading:
Warning: This is just my point of view. This might or might not be true. You can set your limits accordingly. I don't want you to jump in blindly. DYOR and only get in if you are satisfied with it.
Buy Range: 3.56 - 3.61 USDT
Sell Limit: 4.50 USDT (25%+ Profit | Short-Term)
Stop Loss: 3.42 - 3.45 USDT (In case it breaks down-ward, you should exit timely and be safe)
Note
The wedge seems to be breaking downwards, better to keep Stop Loss limits enact.Trade closed: stop reached
The wedge broke downwards as I said, Stop Loss limits were enabled and I got out securely with minimum losses. This is why, it is always a smart move to keep your stop loss limits in place.You can lose few battles, but make sure to win the war!
Spartans, March to the next Alt!
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