Long
Neblio showing multiple bullish divergences giving a nice set up

NEBL is set up nicely, given bitcoin does not start to dump below $6000. On the 4 hour chart it is exiting the oversold region and looking fairly bullish with a lot of bullish divergence yet to play out. Having caught support at the same level as the previous dip a few weeks back, this could be forming a nice bottom for NEBL and the Risk to Reward ratio is unusually high since NEBL has corrected a lot since the start of the year, pulling more than a full retrace.
Note
Discord Link discord.gg/DsJd2ED
Note
bullish divergence played out shortly after, giving a nice 10% return before retracing againTrade closed manually
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.