XEMBTC Falling wedge potential 2x trade
XEMBTC is in a falling wedge on the Daily chart and we are now testing the bottom of the wedge. This is a very good place to initiate longs for a potential 2X return on BTC at a target of 9500 satoshi.
If prices keep falling just hold it, never close againts BTC in a loss, the price will always come back as long as you are buying the low. And never trade with margin or leverage for crypto.
If prices keep falling just hold it, never close againts BTC in a loss, the price will always come back as long as you are buying the low. And never trade with margin or leverage for crypto.
הערה
Price should be bottoming around here, if it fall somemore it should be quickly bought up, a minimal move up to 6000-7500 satoshi is expected.
הערה
This development is really bad for my longs, I was expecting a quick upmove to 6k satoshi but for the past 3 days it has gone sideways and now we are seeing a potential bearish triangle. A triangle is never a reversal pattern, so this one will most prob break down to the 2200 satoshi area where a major support is. This will be a long hold, probably a few months. Nonetheless when it reaches 2200 satoshi area I will buy much more XEM.
העסקה בוטלה באופן ידני
Will make a new trade idea when price reaches my buy area.
כתב ויתור
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