XEM (NEM) completing final leg of bullish BAT for upto 64% move
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Hi patrons, hope you are well and welcome to the new update on the XEM (NEM) coin.
On the 12-hour chart, the price action of the XEM has started the formation of the final leg of bullish BAT and soon it can enter the potential reversal zone.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the BAT pattern should be:
Buy between: $0.5191 to $0.4751
Sell between: $0.6239 to $0.7812
Stop loss:
The maximum extent of potential reversal zone $0.4751 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has profit possibility of 64 % and the loss possibility is 9%.
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
Hi patrons, hope you are well and welcome to the new update on the XEM (NEM) coin.
On the 12-hour chart, the price action of the XEM has started the formation of the final leg of bullish BAT and soon it can enter the potential reversal zone.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the BAT pattern should be:
Buy between: $0.5191 to $0.4751
Sell between: $0.6239 to $0.7812
Stop loss:
The maximum extent of potential reversal zone $0.4751 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has profit possibility of 64 % and the loss possibility is 9%.
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