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cryptopain123
Oct 12, 2021 12:07 PM

Xem to the moon? 

NEM / TetherUSBinance

Description

XEM was rejected from 0.19xx, confirming downtrend continuation. Previously we successfully got nice profit from XEM short, rest of it was closed at BE. I was expected that XEM will reach ~.25 area. But it showed weakness earlier(Probably money went to XYM instead? ;-) ).
So actually expecting move downside next days/weeks because of:
1. BTC dominance goes up(expecting 50%).
2. Xem is weak in general, it retired, all NEM efforts put to new coin - XYM, so small chances get new investors money.

Comment

Moving SL to BE, taking first part of profit.

Comment

Great short guys, taking some profit here.

Comment

Moving SL to 0.1732.

Comment

Rest of short closed. Congrats with profit!
Comments
Dmitriy0101
Many thanks), shorting also with you!
cryptopain123
@Dmitriy0101, u are welcome. It's a lot more room for downside move, think with next down leg on BTC to 53k, XEM can easily reach 0.08-0.10. But always remember about risks in case of unexpected price moves. SL must be.
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