optstrategist

Momentum Long NMRBTC (NMRUSD)

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BITTREX:NMRBTC   Numeraire / Bitcoin
High momentum in NMRBTC and breaking out above prior resistance. Bitcoin has been strong and numeraire even stronger. One way we would approach this momentum trade is by setting an initial stop in the area shown in picture. Then, allow the trend to work in your favor. Begin using a trailing stop of your choice if price moves in your favor by greater than your initial risk.

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