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.
Trade active:

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.
Trade closed: stop reached:

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!
Trade active:

We've come right back to support for a potential bounce of a higher low with the upside above the previous high from the previous chart. A long here with a stop just below support would be a low risk high reward trade.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out