✳️ NKN Looks Like Bancor, You Know What This Means?

5 Ağu 2023

Bancor had a very strong bullish breakout growing high in the two digits in a single day, with signs that additional growth is possible right away.

NKN is looking just like BNT right now, which means that it has potential for fast growth once it starts to move.

On a different note, we have a low set between mid to late June followed by consolidation.

The volume is really low on the drop and even lower on the lower low 28-June, telling us that the bears are over, they have no more strength.

Notice how high volume will grow when the bullish breakout take place.

As usual, this setup can fail like everything else.
It is not guaranteed to go up, it can change course and that's ok.

If a drop happens, you have a very low risk when you consider the stop-loss... That's my trading strategy in a nutshell, buy and hold those setups with low risk and a very high potential for reward.

We will see how it goes but we expect it to be big and nice, so we can add this one to our list of results.

Thank you again for reading.
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