Momentum Long NMRBTC (NMRUSD)
High momentum in NMRBTC and breaking out above prior resistance. Bitcoin has been strong and numeraire even stronger. One way we would approach this momentum trade is by setting an initial stop in the area shown in picture. Then, allow the trend to work in your favor. Begin using a trailing stop of your choice if price moves in your favor by greater than your initial risk.
CLICK HERE FOR MORE INFO on our TradingView indicators --> optionstrategist.com/products/category/analysis-tools <--
CLICK HERE FOR MORE INFO on Daily Strategist--> optionstrategist.com/products/daily-strategist-newsletter <--
CLICK HERE FOR MORE INFO on Daily Strategist--> optionstrategist.com/products/daily-strategist-newsletter <--
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.