NPXS trade idea
Updated
this is not a financial advice, educational purposes only
NPXS/BTC currently available on binance, target 120, 150, 170 satoshi with a stop loss below the previously made lows around 80 satoshi
there isn't much data available, but made the first leap after finding support around the 80 satoshi, formed a pennant broke above previous resistance and retraced
as I said there isn't much data, this is shown on a 2 hour chart.
We can see the previous candle where it sold downwards 90 provided previous support on 1 candle with a long green wick and sold down again hard with 2 long bearish candles, afterwards its all wicks tagging up to 90-93 sat, where it became resistance before meeting its bottom at 80 sat
currently opened for an entry @ 90-92 satoshi
NPXS/BTC currently available on binance, target 120, 150, 170 satoshi with a stop loss below the previously made lows around 80 satoshi
there isn't much data available, but made the first leap after finding support around the 80 satoshi, formed a pennant broke above previous resistance and retraced
as I said there isn't much data, this is shown on a 2 hour chart.
We can see the previous candle where it sold downwards 90 provided previous support on 1 candle with a long green wick and sold down again hard with 2 long bearish candles, afterwards its all wicks tagging up to 90-93 sat, where it became resistance before meeting its bottom at 80 sat
currently opened for an entry @ 90-92 satoshi
Note
REMINDER: always have stop loss in place no one is 100% correct but the current area is also a place where the risk should be taken A: support B: reversal C: retrace for an entry.Note
with the current formation of a possible double bottom and BTC shifting towards the short term bullish we may see a better probable of NPXS sideways then uptrend although it went under where i bought it still made a higher low, and im not going to close the trade unless it automatically hits stop loss, instead if it goes up I'm just going to up my stoploss
Trade closed: stop reached
stopped out below 80,
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