Hi dear patrons, hope you are well and welcome to the new update on Filecoin (FIL) coin.
Previously we had a nice harmonic trade of FIL.
On the 4-day time frame chart, the price action has formed a big bullish BAT pattern
Buy and sell targets:
Buy between: $66.66 to $44.84
Sell between: $118.70 to $196.82
Stop loss:
The maximum extent of potential reversal zone $44.84 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of 338%, and the loss possibility is 33%. But at the moment it is a low-risk trade, coz the price action is already at the end of the buying zone.
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 harmonic trade of FIL.
On the 4-day time frame chart, the price action has formed a big bullish BAT pattern
Buy and sell targets:
Buy between: $66.66 to $44.84
Sell between: $118.70 to $196.82
Stop loss:
The maximum extent of potential reversal zone $44.84 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of 338%, and the loss possibility is 33%. But at the moment it is a low-risk trade, coz the price action is already at the end of the buying zone.
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