Please find the XEM long-term view.
1) Listed in Binance means more .
2) We have made the around 3000 SATs twice which is a sign of coin reaching the bottom. And a decent bounce of 3000 SATs from 5600 SATs is a good sign that price has reached the bottom.
3) is good.
So my trade is
Buy on the neck line : 3640 SATs
Target 1: 4200 SATs
Target 2: 5600 SATs
Target 3: 10000 SATs (once broken the neckline at 5600, expect a pullback and the price could move to 10000 SATs .)
Sl : 2800 SATs
Risk Reward for this trade, 800 SATs : 6360 SATs , 1: 8
But the Long-term trade still holds good.
Just be aware that Coincheck's hacker is still around and very active. Nem's foundation had to remove wallet tracking (stolen_funds mosaic) for Binance to accept Xem's listing. This means the hacker is now free to dump its remaining 100 - 150 million of coins. With the new volume offered by binance it shouldn't be too long, probably a few days so the price may drop a little more before going north again.
His was also directly selling coins on the darkweb for a 30% discount, but the stolen_funds mosaic would lend on the buyer's wallet.
Now that Nem foundation had to remove the stolen_fund mosaic, everyone is free to dump. He already dumped 75% in spite of all the obstacles, so the end is near.
I know this because closely following the team, the news, and was tracking the hacker's wallet since right after the hack(thank you blockchain).
I think Nem is one the best crypto projects and am holding some. But just be aware that it MIGHT drop a little more. Even with the HUGE buying pressure from the japanese.