NEM (XEM) Technical Analysis 02 August 2018 - Price at the Bottom of The Channel

#XEMUSD

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.

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