MarkLudgate

XEM (NEM) - uptrend breakout trade

Long
MarkLudgate Updated   
POLONIEX:XEMBTC   NEM / Bitcoin
There is quite a lot of sells on the orderbook between the buy-stop price and the current price. If the price manages to get past all those sells then it has a good chance of pushing further in this trend.

Best to bear in mind that this uptrend could drop suddenly if bitcoin resumes a healthy uptrend. However this could take a couple of weeks.
Some of these alts have really low volume at times so be careful buying as big orders will go right through the order book



Good luck!

Mark
Order cancelled:
we've broken below the last low so this is invalid for me
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