WicktatorFX

NuCypher - Explosive Breakouts! ⚡️

COINBASE:NUUSD   None
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!

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