XEM/BTC is coming up to my first potential buy range. This a major level of untested support on the monthly. I would ladder my order to the bottom of this range, averaging my price down. If this first range breaks then I will be entering a more serious order in the second green range. It is vital that XEM holds the second range.
Keep it simple!
Looking at XEM on the weekly, we have yet to see a strong hold of support and a higher low play. Because of this I see XEM going lower, and possible testing the buy range (Green box), before the rise can begin. This is an untested range which many alts are following. The 31 Sat's range offers a great risk to reward ratio. From here we can see XEM...
NEM (XEM)
Rank on Coinmarketcap - 18
Market Cap - $901,749,602 USD = 133,579 BTC
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RSI @ 33
ATH 13750
Current 1534
Buy at CMP or place order around 1400
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TP1=2369
TP2=3077
TP3=4606
TP4=7588
TP5=ATH
Stop loss- If daily candle close below...
