NEM (XEM) long trade


We just broke thru overhead horizontal support which was tested many many times as well as broke up thru the downtrend line which both have been tested with success. We're also coming out of an oversold position. Going long here would be safe with an exit of the underlying upward support line Ive drawn.
Perdagangan aktif:

Several options here.......I always like to utilize the daily for support then watch the 4 hour for movement. could shoot for the top of the channel put in place early January. You could use the original 45" shown in the first graph as an exit, or I just added one more in this graph that's much steeper as your exit. You could wait for the first pullback and cofimation of a new uptrend..(higher highs and higher lows)....keeping in mind that you''ll never go broke pulling profits.
Perdagangan tutup: hentian tercapai:

There ya go. 8% overnight. Trade is still active as there are two support levels below us, a 45 and a horizontal. We could also make a bounce of higher lows and higher highs. Gotta love it!
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