$NKN looks to be in the process of bottoming at the bottom of the structure. I lean towards a retest of the top of this structure to retest resistance before another move down.
Entry at $.1871 and looking to exit on a test of the $.57 level+. I've marked out key dates for changes in price action.
Risk minimal, reward ~3x.
Entry at $.1871 and looking to exit on a test of the $.57 level+. I've marked out key dates for changes in price action.
Risk minimal, reward ~3x.
Commento:
Just to be fully transparent, I exited all of my crypto positions after BTC just broke that low right now. I think there's too much risk that we fall further from here. I'll reassess the charts in May as I think that's when we'll see things shape up. Until then, good luck.
Commento:
Here's my reasoning for exiting. We'll need to see if this plays out from here:
