After a long downtrend, Nano has been building a base. The first support line we can draw is at the bullish engulfing pattern, which is at .0004921
This support line has been tested one more time with 2 hammers.
Because of the rising volume, the price will likely go up. But still the whole market is in a downtrend, so this will be an agressive trade.
The risk/reward is very attractive, so for now I would invest only 50% and wait one more day for confirmation.
Stop loss: .0004921
Target: .0007591
This support line has been tested one more time with 2 hammers.
Because of the rising volume, the price will likely go up. But still the whole market is in a downtrend, so this will be an agressive trade.
The risk/reward is very attractive, so for now I would invest only 50% and wait one more day for confirmation.
Stop loss: .0004921
Target: .0007591
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