XEM Long term trade

Hello Friends,

Please find the XEM long-term view.

1) Listed in Binance means more volume.
2) We have made the double bottom around 3000 SATs twice which is a sign of coin reaching the bottom. And a decent bounce of 3000 SATs from 5600 SATs is a good sign that price has reached the bottom.

3) Volume is good.

So my trade is
Buy on the neck line : 3640 SATs

Target 1: 4200 SATs
Target 2: 5600 SATs
Target 3: 10000 SATs (once broken the neckline at 5600, expect a pullback and the price could move to 10000 SATs.)

Sl : 2800 SATs

Risk Reward for this trade, 800 SATs : 6360 SATs , 1: 8

Commentaire:

Disclaimer: This is my trade, taking the trade is your in interest and risk.

Commentaire:

SL for short term hit,

But the Long-term trade still holds good.

Transaction en cours

Commentaire:

XEM is going as expected. Break of neckling at 5500-5800 SATs can take the price to 10000 SATs