Formation of pattern:
This time on a 12-hour chart the BAND token is forming a pattern and soon it will be entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to and its Fibonacci sequence should be:
Potential reversal or buying zone: $4.57 to $2.89
or Sell zone: $8.57 to $14.49
The potential reversal zone area that is up to $2.89 can be used as stop loss in case of complete opens and closes below this level.
Possible profit and loss ratio:
As per the above targets, this trade has the profit possibility of 401% and as per the above-mentioned stop loss, the loss possibility is 58%
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.