NEM position trade possibilties


Good day fellow traders,

In the upcoming days ill keep my eyes on Nem for possible upwards moves.

The broader trend is narrowing atm, which can indicate a possible reversal pattern in the making. We are on the 100 EMA and 50 SMA which joined up.
Close to 0 lines in MACD and VFI volume ready for expansion growth > momentum. Keep a sharp eye on the daily candle patterns, we wanna see something in the range of the predicted candles on the chart.
We still need confirmation by breaking resistance levels at $0,43-$0,47. But ill rather look for a position below that $0,27-$0,33 followed by a fairly sharp stop loss. BTC will help make this move possible or impossible!!

Nems' position is in "large", in a better spot than a lot of other coins. It tested the low bottom of the larger pattern. Touched the long-term trendline originated on 11-01-2021.

Entry on the swing low, breakout, it all depends where you are comfortable. Be aware of the volatility that can occur at any moment.

Good luck to you all


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