Nexus / BitcoinLong
Nexus bouncing up with high probability
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.
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