NRG/BTC

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I flipped this one a while back, basically went all in on with the dust I had in my Kucoin account, which was devastated by the bear market. This was a 3x for me! It’s helping to rebuild my Kucoin account slowly.

I thought I would take a look at it again since I haven’t in a while. There is nothing bullish about this chart. I am glad I didn’t buy back in. I have laid out two paths for NRG:

1. Break the diagonal trendline and retest the current level (this is long term major horizontal support).
2. Break this support level , and reclaim it.

For now, I will not touch this, but I think it is coming close to the point where one can trade it again.