NuCypher – Explosive Breakouts! ⚡️
NU/USD COINBASE:NUUSD
Nucypher has had several explosive breakouts and we could be on the verge of another breakout. We are in a 5 wave bearish trend at the moment and we’re on the 5th and final wave.
We can mark out a descending trendline and wait for the breakout.
Trade idea:
– Watch for the breakout of the descending trendline and enter
– Alternatively, watch for bullish momentum at the double bottom region
– Stops below the lowest point once bullish price action appears
– Targets: taper off position as price moves higher and higher
Goodluck!
