BitfulMind

#XEM, Is this an easy +11% profit opportunity?

Long
BINANCE:XEMUSDT   NEM / TetherUS
A quick look at NEM (#XEMUSDT, 1D, Binance):

  • Price is on the rise, it retested support at $0.1806, and looks like an easy run up to the next resistance at $0.2229. At the time of writing, that would be a +11.58% profit.
  • If it breaks the next resistance, would be at $0.2691.

Strategy
  • TP1: $0.2229
  • TP2: $0.2691

If you want to read more about NEM on CoinMarketCap, click here.

What do you think?

Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
But if you enjoy my chart, please like, comment or follow me. :)

Thank you and Happy trading!

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Some of my charts represent actual trades, and some are just paper trading.
Needless to say, this is not financial advice!
Trade active: TP1 reached with the daily candle's high at $0.2294!
Now that the price hit the resistance, let's see if it will be rejected altogether and back to the previous support, or if it will retrace to any of the Fib levels before going up again.
Trade closed: target reached