NXT has recently had an edge to edge trade through the cloud (see related, closed with 100% profit) and price is now progressing above the cloud with a good daily momentum after a white doji has formed. I will be watching for a good entry position on the 4H chart while price retraces back to the 4H MA cloud.
Trade active
Opening up positions on the good looking 4H momentum candle off of the MA cloud bounce.Trade active
Price has turned back around and started heading towards the MA cloud with good momentum. Normally I look to start closing off my positions to minimize risk, however I am keeping this trade open for one main reason. Very rarely do I see a daily candle with no wick on the open side.
4H view:
Daily View:
Trade closed manually
Closing positions at -12% to preserve capital while BTC is making new highs.
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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.