Trade Recommendation: NXT

The market bounced from 0.060000 support level. RSI and a bullish candle confirm price reversal. MACD histogram supports possible upward movement. We can try to catch possible upward movement. Pending orders for buy can be placed above the high of the signal candle. Stop orders must be at 0.038000 level. The profit targets should be at 0.100000 and 0.130000 levels. If the price drops below 0.038000 level, buy orders must be deleted. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.

Market: NXTUSD
Buy: 0.076000
Stop: 0.038000
Profit Targets: 0.100000 and 0.130000

The trading signal is based on Poloniex chart.

Tags:
Author:
Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.