NEBLIO NEBL - Jan 15 Technical Analysis . Support Zones, Patterns, Targets. Risk to Reward

NEBLIO Surges 905% From Jan 5 to Jan 9

We see NEBL form 5 beautiful elliot waves up. Thus providing resistances that are now support with two different levels. Support zone one is currently being tested. If fail below near the 14.5K range, we may test lower range.

We can see NEBL forming a patter such as a wedge or flag consolidation. I count an WXYZ correction where a breakout to test the trend line resistance near 17.5K.

Holding about 14K is critical otherwise we may fall to a lower support range between 10.5k and 14.5k satoshi. If we bounce above 14.5k we may visit channel resistance near 17.5k sat.

Always be cautious, take high probability trades, plan entries and exits, stick to high reward low risk R:R setups. Good luck traders

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Please always remember we trade using probability and not all trades are winners. We manage our risk with stop losses and try to win over time. Those that don't understand this, and expect only to having winning trades, will always lose money over time.

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DISCLAIMER:

I'm not a financial adviser, nor am I giving you any tips on when to buy, sell, etc. I'm simply stating my opinions and what I personally look for. Those that follow my trades blindly and don't understand risk management, will always lose over time. I manage risk differently. Not all trades are winners. We manage our risk with stop losses and win over time. Even if we've entered at a similar price, I can micro manage my risk, by shedding, adding, reducing, etc, but those calls aren't made. Therefore despite entering near the same price, I may come out well ahead while you may take a loss, even if we exit at the same price when the market goes against my call. Remember, I always profit OVER TIME, and am not focused on winning every single trade. As long as we win more than we lose over time. I want to be very clear so you understand the outcomes will always be different even if we take the same trade. I MANAGE RISK and see this game as a probability. Therefore, be forewarned.