XEM has broken through a 4hr resistance but did not continue up to test the next resistance. It is now heading down to retest the previously broken resistance(now support). If it holds here and bounces I believe there is some good potential for gains to the targets I have set out here. 53% + to the peak of the previous bull run in and i believe there will be some good opportunities to swing trade this on the way back up.
Watching closely!
Watching closely!
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Target 1 achieved.
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Target 2 achieved. I have taken profit here and will look for a new entry on retrace.
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Target 3 achieved! I am still in after reentering on the retrace from target 2.
If we close above the 4 hr support we're at now then I will be staying in for the next push. Stop loss adjusted to just below the support.
If we close above the 4 hr support we're at now then I will be staying in for the next push. Stop loss adjusted to just below the support.