NXT How to Trade

After reaching 0.180000 level, the price reversed and dropped to a support level. We can spot a possible reversal zone formed by the trend line of the ascending channel and 0.125000 support level. This zone is good for buying based on a confirmed reversal signal. Also we can entry the market based on a breakout signal. The high of a bullish candle should be used for placing pending orders for buy. RSI already reversed in the oversold zone and it tells us that the market can start upward movement without reaching the trend line. Entry level for long trades is above 0.142400 with stop orders below 0.119000. Profit target should at 0.180000 level.