Long

NXT Long Trade

Updated
I've got two sets of Fibonacci lines here, which is different and cumbersome on the eyes, but it's useful. Market cap for NXT is 87 million, in the middle of June this year it was at 220 million, and circulating supply is a billion coins. This is another liquid coin with an established presence and community for a few years, because of that there is an element of relative safety in holding this coin. Coins with millions of dollars in daily volume consistently are a better bet because you're not going to be trapped. The market may not do what you like, but at least you'll be able to move in and out when you need to. My advice on that has been to own the underlying asset and hold it, if you're new to this and you're using margin trading you're going to lose, don't give your career a premature funeral. Those who would have you day trade and use heavy margin positions stand to profit from your losses, we all must avoid that behavior, because that is the epitome of reckless speculation. Look for attractive entries and buy the dips over the next few months, the bounce is only a matter of time. Keep Hunting Everyone.
Trade active
Cmon look at all this money team, almost 100% profit on this trade if you took it at entry price and waited patiently. Don't forget to chop off some winnings and stuff it in your bag for later. Cheers, Keep Hunting.
Note
lol if you took this trade it's several hundred percent profit, if you don't take that and cash it out then I can't help you. Blessings and Happy Holidays Hunters and Huntresses
Trade closed: target reached
555% profit target hit! take the money and run!
Note
Would you look at that? Just look at it. Isn't it beautiful. Buying opportunity again here. Wash, Rinse, Repeat.. and reap profits.
Beyond Technical AnalysisBitcoin (Cryptocurrency)bounceCryptocurrencydecentralizationdigitalassetsGoldTechnical IndicatorsnxtNXTBTCreversalTrend Analysis