XEMBTC (Daily) – News driven rise, price chasing trapped

Some would argue but It is good to know at least some levels before blindly jumping into every increase even on the back of a strong news announcement. The XEMBTC is a perfect example of that.  Many so called “price chasers” are already trapped at the top of the range.

On another note, we are looking to buy dips towards 1500 or even 1350 (some market participants might be forced to exit at a loss) or on a daily break and close above 1800 with 2100 and 2450/2500 as possible targets.

 

Should you have any questions feel free to contact us anytime.

Good luck Champs!

Mr Hawk

 

 

DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past, current and future economic and financial markets environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material are not and cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016-2018. Contact: landoftradinATgmailDOTcom

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