NANO - Break Imminent; next move ideas
Been carefully tracking NANO all week and it's been going sideways, tracking between a tighter equilibrium indicating that it's ready to pop! Whether it pops up or down is yet to be seen so it's best to have a plan for all eventualities.
Personally I scaled back into the trade from around the 113k level and picked up a few more at around 128k when the RSI dipped down to the 20-30 level on the shorter timeframes.
I've shown my plan on the chart, with a stop loss for a high percentage of my position at around the 129k level, with profit taking starting around the 150k. I'm starting to scale in and out of my trades but it gets a bit complicated and it often requires a rework of the strategy depending on how things go.
Anyway, as always, we can't predict the future so please take this with the positive intentions intended.
- The Edje
* Learning Every Day
Personally I scaled back into the trade from around the 113k level and picked up a few more at around 128k when the RSI dipped down to the 20-30 level on the shorter timeframes.
I've shown my plan on the chart, with a stop loss for a high percentage of my position at around the 129k level, with profit taking starting around the 150k. I'm starting to scale in and out of my trades but it gets a bit complicated and it often requires a rework of the strategy depending on how things go.
Anyway, as always, we can't predict the future so please take this with the positive intentions intended.
- The Edje
* Learning Every Day
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.