NXTUSDT - Recent uptrend to continue after the pullback

With the current weakness in BTCUSD, NXTUSD pair looks good for Bullish scenario. A bullish candle between .1157 and .09353 levels which are Fibonacci levels of 38.2 and 61.8 respectively would offer an ideal entry.

Comentário:

The market is now close to Fibonacci level at 61.8 however with the sharpness of the fall it looks like catching a falling knife.
The fall also looks broad based at the moment and Bitcoin sentiment spreading all over the crypto market.
A sequence of higher highs and higher low may point reversal. If I trade this then would be putting tight stops.

Trade fechado: objetivo atingido