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#XEM in a range with solid support
#XEM
We have some extremely solid support between 357 - 367 in place since May. Looking like a healthy range with a big rejection. Naturally there is a lot of market FUD at the moment although the healthy stop-loss should sustain unless complete nuketown. Aiming for a 1.5 RR just under top of range and a stretch of 3 RR if things get back to a bullish scenario. Don't be afraird to take profit early on this one in case the CZ/SBF conflict grows. #
We have some extremely solid support between 357 - 367 in place since May. Looking like a healthy range with a big rejection. Naturally there is a lot of market FUD at the moment although the healthy stop-loss should sustain unless complete nuketown. Aiming for a 1.5 RR just under top of range and a stretch of 3 RR if things get back to a bullish scenario. Don't be afraird to take profit early on this one in case the CZ/SBF conflict grows. #
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