Take a look at Nexus, the chart doesn't look bullish in any way, shape or form. In fact, it looks bearish as it is moving down and trading below resistance (EMA10).
So, why am I sharing this trade?
Because of what comes next... Let's get started:
NXSBTC just completed a retrace after its last bullish wave or is about to complete it. By the time this retrace is complete, the move up can happen suddenly and we miss out on a good portion of potential profits... That is why I like "early signals".
Early signals have come with their risk, but the potential rewards are well worth the potential risks.
There is hidden bullish divergence showing up on the RSI.
Overall, I am seeing some signals telling me this retrace is almost done. On the 4h time frame, NXSBTC is already trading above EMA10 and EMA50.
I am just writing to entertain you and myself... Let's look at the trade and see what happens in a few days...