XEM Long term trade
Updated
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
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
Note
Disclaimer: This is my trade, taking the trade is your in interest and risk.Note
SL for short term hit,But the Long-term trade still holds good.
Trade active
Note
XEM is going as expected. Break of neckling at 5500-5800 SATs can take the price to 10000 SATs
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