Hi dear patrons, hope you are well and welcome to the new update on Metal (MTL) token with Bitcoin pair.
On the 12-hour time frame chart, the price action is forming the final leg of a bullish Gartley pattern.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Buy between: 0.00008640 to 0.00006108 btc
Sell between: 0.00010633 to 0.00015417 btc
Stop loss:
The maximum extent of potential reversal zone 0.00006108 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 152% and the loss possibility is 30%.
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.
On the 12-hour time frame chart, the price action is forming the final leg of a bullish Gartley pattern.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Buy between: 0.00008640 to 0.00006108 btc
Sell between: 0.00010633 to 0.00015417 btc
Stop loss:
The maximum extent of potential reversal zone 0.00006108 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 152% and the loss possibility is 30%.
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.