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
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