futuremihai

Simple NANO breakout play

Long
futuremihai Updated   
BINANCE:NANOBTC   None
NANO confirmed breakout of midterm downtrend (since March 1st). Watch for price suppression and manipulation, look at order books on both BTC and ETH pairs before making a decision (saw a 1000+ ETH sell order just now and there was nothing on the BTC pair). I entered a position at 78000 sats, I don't recommend entering now; it's better to wait for a pullback since RSI and Stoch are both overextended.
Trade closed manually:
Stopped out...
Comment:
I figured out why this didn't work out. People are panic selling because Binance deposits aren't enabled.
Comment:
Caught a nice entry. Bought on Binance trading competition news.
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.