$NXPC Time to Cash in Trader's,
1. Tools & Indicators
Chart Timeframe: 1-hour or 4-hour
Indicators:
EMA 20/50/200: For trend detection
RSI (14): For identifying overbought/oversold conditions
MACD: To spot momentum shifts
Volume: Confirm price action with volume spikes
2. Entry Criteria
Buy Setup (Long):
Price above EMA 50 and EMA 200 (bullish trend confirmation)
Pullback to EMA 20/50 with bullish candle (hammer or engulfing) formation
RSI between 40–60, then turning upward
MACD bullish crossover
Sell Setup (Short):
Price below EMA 50 and EMA 200 (bearish trend)
Retracement to EMA 20/50 with bearish candle pattern
RSI between 60–70, then turning downward
MACD bearish crossover
3. Stop Loss & Take Profit
Stop-Loss:
Just below/above the recent swing low/high or
Fixed percentage, e.g., 2-3% depending on volatility
Take-Profit Options:
First target at 1:1 or 1.5:1 Risk:Reward
Second target at key resistance/support or Fibonacci extension (1.618)
4. Risk Management
Use 1–2% of your total capital per trade
Avoid overlapping trades; don’t open multiple positions in highly correlated pairs
5. Confirmation Tools (Optional but Strong)
Look for divergences between price and RSI/MACD
Monitor Binance order book for large support/resistance blocks
Use Fibonacci retracement for precise entry zones
6. Backtesting and Journaling
Backtest this strategy on TradingView using historical data for NXPC/USDT
Keep a journal of:
Entry and exit points
Rationale for the trade
Outcome and what could be improved
Example Strategy Signal
Scenario:
NXPC/USDT trading at $0.083
Price is above EMA 200 but retracing
RSI at 45 and turning upward
MACD shows signs of crossover
Candle shows bullish engulfing near EMA 50
Action: Enter long
SL: $0.080 (below support)
TP1: $0.087
TP2: $0.092
Risk: 2% of portfolio
#BinanceAlphaAlert #Write2Earn #crypto #Binance #TradeStories