NEM finally reached the bottom of the channel.
A long trade here would give a very good risk-to-reward opportunity. A stop loss below the support, at $0.14, with a take profit right under the resistance, at $0.1950, would give an RR of 1:3.3.
Waiting for a price of $0.15 would open to an even better opportunity, with a risk-to-reward of 1:4.5.
Legal Disclaimer: Any material or information in this article is general educational material and you will not hold anybody responsible for loss or damages that may result from the content provided here.
Trading has large potential rewards but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in any Financial market. This article is neither a solicitation nor an offer to buy/sell any financial instrument.
Trading carries a high level of risk, and may not be suitable for all investors. Before deciding to invest, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading, and seek advice from an independent financial advisor if you have any doubts.
Past performance is not indicative of future results.
#bitcoin #ethereum #ripple #xrp #bitcoincash #eos #litecoin #stellar #lumen #cardano #ada #iota #tether #neo #tron #monero #dash #ethereumclassic #nem #binance #binancecoin #vechain #tezos #omisego #steemit #steem #money #life #cryptocurrency #cryptocurrencies #altcoin #altcoins #trading #invesment #investments #forex #forextrading #fx #fxtrading #fxmarket #market #finance #gold #silver #commodity #commodities #stock #stocktrading #stockmarket #facebook #fb #apple #aapl #bcd #bitcoindiamond #diamond #digibyte #dgb #spx #xau #xag #usdjpy #usd #amazon #amzn #google #googl #alphabet #xem