moon333

BANDUSDT forming bullish BAT | Upto 401% possibility

Long
BINANCE:BANDUSDT   BAND / TetherUS
Hi, my friends hope you are well, there is another bullish wave possible by the price action of the BAND protocol token.

Formation of bullish BAT pattern:
This time on a 12-hour chart the BAND token is forming a harmonic bullish BAT pattern and soon it will be entered in potential reversal zone.

Buying And Sell Targets:
The buying and sell targets according to harmonic BAT pattern and its Fibonacci sequence should be:

Potential reversal or buying zone: $4.57 to $2.89

Fibonacci projection or Sell zone: $8.57 to $14.49

Stop Loss:
The potential reversal zone area that is up to $2.89 can be used as stop loss in case of complete candlestick 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.

Comments

nailed it. excellent overview and write-up.
+1 Reply
moon333 ProjectSyndicate
@ProjectSyndicate, thanks buddy
Reply
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