Long on NanoBTC Daily setup

Sharp buying off a daily pull back to the 20 EMA. Looks set to out perform bitcoin and good risk to reward off the todays price action.

Other factors

- Moment indicators neutral

- Fibonacci Confluence

- Bottom looks to be rounding out

- Broken and holding above resistance

- In a Daily uptrend

Kommentar:

Great area to get long if the original bounce was missed. Buy on a close and then you know where to put your risk (stop)