Nano is forming a bullish flag on the 4hour chart. Formation begin mid Aug and flag began during the last few days of August. During this time we saw a 150% gain, I am not looking for nearly as much on this trade, just a simple 10-20% if it follows bullish action.
The red dotted lines are supportive structures I have noticed, I have a tight stop loss around .0004. My riskier entry would look to be around the .0004275 region with a 10% target at the .0004725 level. This can break into a 20%+ gainer within a few day span.
I will be looking for confluence of bullish candlesticks and volume to indicate another upward move..
If supportive structures are broken, my trade will be canceled.
This is my personal opinion, this is not investment advice, invest at your own risk and good luck trading.
NANO/BTC current price is .0004117
COMPLETED 4:29pm LOS ANGELES
The red dotted lines are supportive structures I have noticed, I have a tight stop loss around .0004. My riskier entry would look to be around the .0004275 region with a 10% target at the .0004725 level. This can break into a 20%+ gainer within a few day span.
I will be looking for confluence of bullish candlesticks and volume to indicate another upward move..
If supportive structures are broken, my trade will be canceled.
This is my personal opinion, this is not investment advice, invest at your own risk and good luck trading.
NANO/BTC current price is .0004117
COMPLETED 4:29pm LOS ANGELES