On the 4-hr chart, the price action of the Mithril (MITH) token is completing the final leg of bullish BAT and soon it will be entered in the potential reversal zone.
Buying And Sell Targets:
The buying and sell targets as per the Fibonacci sequence of BAT pattern should be:
Potential reversal or buying zone: $0.01232 to $0.01151
Fibonacci projection or sell zone: $0.01427 to $0.01722
Stop Loss:
The potential reversal zone area that is up to $0.01151 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 49% and as per the above-mentioned stop loss, the loss possibility is 7%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
The buying and sell targets as per the Fibonacci sequence of BAT pattern should be:
Potential reversal or buying zone: $0.01232 to $0.01151
Fibonacci projection or sell zone: $0.01427 to $0.01722
Stop Loss:
The potential reversal zone area that is up to $0.01151 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 49% and as per the above-mentioned stop loss, the loss possibility is 7%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
