NXT has seen a massive dump clearly due to IGNIS. We want to wait for this dump to come to an end before we enter long. Patience is the key here. Our big levels of S & R are going to be $0.50 and $0.70 with our 0.786 Fib level resting at $0.56. IMO you should be looking to enter long positions at $0.60. have your stop losses set to $0.48 because if that is broken, NXT is dead for a long time. look to take profits in the short term in and around $1.10 & $1.30 as that is the back side of the up trend line that was broken and is 2 of our major FIB levels.
Any Long term investors should be looking to accumulate their positions around here as price is very cheap now, and there is still FUD in the minds of the new investors/traders. *buy the fear, sell the news/hype*
Any Long term investors should be looking to accumulate their positions around here as price is very cheap now, and there is still FUD in the minds of the new investors/traders. *buy the fear, sell the news/hype*