Nexus has been following a pretty regular uptrend channel for a long time. As you can see, when RSI fell into the highlighted zone, reversal occurred in a matter of days.
Lately, the volume increased, making the last swing's amplitude double.
The rise was followed by a fall, up to the strong uptrend support, which seems to have resisted once again.
My play here is very precocious: I'd go long, putting a stop loss at 33k sats, and aiming for 53k and 73k.
If you wanna play it safer, just wait for a couple of days, where things will be way clearer.
Lately, the volume increased, making the last swing's amplitude double.
The rise was followed by a fall, up to the strong uptrend support, which seems to have resisted once again.
My play here is very precocious: I'd go long, putting a stop loss at 33k sats, and aiming for 53k and 73k.
If you wanna play it safer, just wait for a couple of days, where things will be way clearer.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.