$Nexium Technical Analysis | Buy this Dip on Support Level
CryptoKraze here
Possibility on 4 hour Chart
If you look at the 4 hour chart, you will see that $Nexium has reached a major support level. Looking at RSI, we can see it is oversold and below 30 level and it should come up now. The price has touched lower bollinger band and this is also an indication of oversold condition. So, we should see a bounce back as soon as bitcoin stop falling.
- I have a buy entry at 0.00003500 and my profit target will be around 0.00006000 for mid-term.
- Stop loss just below the entry area is must for trading if you don't know the Averaging Technique in Crypto Trading.
Crypto Trading is risky business and you can loss partial or full amount of money. Trade at your own risk with that money only you can afford to lose. Bitcoin unexpected move will make this analysis void.
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