Trade Analysis #13:
$NOT rise over 45% today, is it a Good time to Chase the High now?
I won't do so.
Here's why?
1. $NOT 1D Bollinger Band Width is decreasing on these 3 days, when the band is decrease = it means the price will drop & go through consolidation phase. And this might stop the price to continue rise further.
2. The Overall market momentum is still Bearish now. $BTC might have it's 2nd 1D Low soon, and it mostly will drag down NOT price too.
Note that the recent huge rise is a Good sign of Reversal, not a sign of "Enter Now"!
I will keep close eye on NOT, and let you guys know when I will Enter.
Disclaimer: I am here to share my trading experience & analysis, and I can't guarantee it's 100% correct all-the-time. In fact, no one can.
So, DYOR please.
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