Long
Final thought about NXT
Classic cup with handle pattern with 50% retracement on the handle (which for me is acceptable).
Reversal candles on massive volume showed up, which by the way, touched major trend line
Bulltrap occurred, so who bought a day before a got stopped, can buy right now. Tomorow will be a funny day. Also watch, if NXT goes up on dry volume and touches upper trendline - sell
Reversal candles on massive volume showed up, which by the way, touched major trend line
Bulltrap occurred, so who bought a day before a got stopped, can buy right now. Tomorow will be a funny day. Also watch, if NXT goes up on dry volume and touches upper trendline - sell
Note
The lowest point of the reversal candle is the next support. Place stop order 1 - 5% under support, if something goes wrong.Note
Trade closed. Lesson - don't hold ALTs when BTC is correcting.Trade active
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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.