Dego Finance (DEGO) formed big Gartley for upto 250% big move
Hi dear patrons, hope you are well and welcome to the new update on Dego Finance (DEGO) token.
Previously we had a nice trade of DEGO.
This time on the weekly time frame chart with BTC pair, the price action of Dego has completed the final leg of Gartley pattern. There is also additional support of 25 simple moving average in the buying zone.
Buying and sell targets:
Buy between: 0.0002332 to 0.0001376 btc
Sell between: 0.0003100 to 0.0004916 btc
Stop loss:
The maximum extent of potential reversal zone 0.0001376 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility up to 250% and a high loss possibility of 41%.In order to minimize the risk, we can also use the weekly 25 simple moving average as stop loss.
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
Previously we had a nice trade of DEGO.
This time on the weekly time frame chart with BTC pair, the price action of Dego has completed the final leg of Gartley pattern. There is also additional support of 25 simple moving average in the buying zone.
Buying and sell targets:
Buy between: 0.0002332 to 0.0001376 btc
Sell between: 0.0003100 to 0.0004916 btc
Stop loss:
The maximum extent of potential reversal zone 0.0001376 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility up to 250% and a high loss possibility of 41%.In order to minimize the risk, we can also use the weekly 25 simple moving average as stop loss.
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