Long
NXT - Quick Bounce Incoming
NXT cut quickly down to support, also just past the .786 fib. I expect a retracement back to the .50 fib before consolidating further.
The trade gives a 2.4 to 1 reward to risk ratio.
With more eyes then ever on NXT in recent weeks, a decent amount of buying should occur after that nasty dump.
I got in at $.62 but you can also wait to see if it bounces off the lower trendline near $.50.
The trade gives a 2.4 to 1 reward to risk ratio.
With more eyes then ever on NXT in recent weeks, a decent amount of buying should occur after that nasty dump.
I got in at $.62 but you can also wait to see if it bounces off the lower trendline near $.50.
Note
Bitcoin's fall steals the show, temporary RIP for NXT....
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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.