HashedPlutus

🎓#MarginTrade 🎓 $XEM / BTC 🎓

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BINANCE:XEMBTC   None
🔾Signal Info: New Economic Movement
Rank: #27
Exchange: Binance
Direction: LONG
Leverage: x5

🔾Analysis: XEM has broken out from its dominant falling wedge pattern. I was holding back on this setup, because it seems highly likely to continue on that downward trajectory inside the white wedge.

This morning, the price broke out of the wedge with some vigor, so the case for a long trade here was strengthened.

🔾Current Price: 537sats
❇Entry: 537sats, 526sats
🎯Take Profit: 552sats, 609sats, 650sats
♊ Stop Limit: 1574sats (-2.82% x5 = -14.1% loss)

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