NULS/BTC 4H Chart - Bullish Entry
Updated
Fact 1: NULS is a project with strong fundamentals which will do just fine on the long-run but it's not lurking not far from historical lows.
Fact 2: We have a 4H trend which was touched 4 times before the price went over it and now it's retesting the level.
28660 is a strong level so we would need a little bit more volume in order to break it.
You can either enter now at 28000 while retesting the trend line ( the trend line was never broken until now and cryptos usually take a second wave before breaking a strong ytrendline) or go for the safer bet and enter once the bulls gather more power and break above 28660 IF the volume will confirm the move.
Comment
Price went up above the 28660 resistance with a good volume and now it's retesting with a significantly lower volume. This is a good sign. The area we are interested in is around 34250.
Nuls has good fundamentals, trust the process.
Comment
Who missed the initial entry has a good opportunity at this level 2920 since we also have the hourly 50 MA to provide support.
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.