Long

NANO/USDT a 10:1 Risk Reward Setup!

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Hello World!

Today I bring you this setup for NANO / USDT with a likely 10:1 Risk Reward Ratio and a 72% gain target I will likely take in the next few hours.

I set a limit order to BUY set at $4.30 and a Stop loss below the previous power wick, laying at $4.00. A tight stop loss in addition to a target defined by the Highest Daily close at $7.48 from the current triangle formation, make this trade have a great R:R value, with a 72% gain to be made. Also check the NANO/BTC graph, as you will see that price is also in a multi-year zone of support-resistance, further reinforcing the analysis.

ENTRY: $4.30
STOP: $4.00
TARGET: $7.48

*Not Financial Advice*
LIKE AND SHARE IF YOU FOUND THIS ANALYSIS USEFUL

Feel free to post any questions or concerns in the comment section. I would like to hear your opinion.
Good luck to you all and trade safe!

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