NXTBTC - Reversion to the Mean - Swing Trade
Updated
Price has recently had a very powerful retrace through the 4H and daily MA cloud. With the bounce off of the bottom daily FAMA and price action indicating bullish momentum, opening up positions with tight stops to catch the swing to the upside of the MA cloud.
Trade active
Opening positions due to price action.Trade active
Adding target to the chart for +60% around 7400 sats. Target was taken from .618 fib extension of the recent movement which also correlates to the top of the cloud.Trade closed manually
Closing positions on break even due to price action.
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