With the market going through a correction (whether a short-term one or a longer-term one, it remains to be seen) and with altcoins generally following the price trend of Bitcoin, you're going to want to enter a trade when you have more solid confirmation that the price is going up or down.
A breakout for NEM seems imminent, but it's not yet clear whether it will be upward or downward. So wait to see that the price rises above 6500 sat before entering this trade. If the price passes 6500 sat, it should move upward, and the profit potential could be 2x (price target at least 12,500 sat).
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