moon333

XEMUSDT completing final leg of Shark | Upto 124% move expected

Long
BINANCE:XEMUSDT   NEM / TetherUS
On the daily chart , the price action of the NEM (XEM) coin is completing the final leg of bullish Shark and soon it will be entered in the potential reversal zone.


Buying And Sell Targets:
The buying and sell targets as per the Fibonacci sequence of the Shark pattern should be:

Potential reversal or buying zone: $0.1576 to $0.1240
Fibonacci projection or sell zone: $0.1989 to $0.2788

Stop Loss:
The potential reversal zone area that is up to $0.1240 can be used as stop loss in case of complete candlestick closes below this level.

Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 124% and as per the above-mentioned stop loss, the loss possibility is 21.5%.

Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.

Comments

Can you do a new chart after the sell off yesterday? Thanks in advance.
Reply
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