This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone.
Lets have a look on the NCASH priceline's move:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.786 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B leg's and final (C to D) leg is suppose to be retraced between 127 to 1.618 Fibonacci for a perfect and then the price action will be entered in potential reversal zone of this pattern, then we can expect at any time which will lead the priceline between 0.382 to 0.786 of A to D leg, but after this if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term move.
As per Fibonacci sequence method we can set our targets as below for mid term trade:
Buy between: 0.00000008 to 0.00000005 sats
Sell between: 0.00000010 to 0.00000015 sats
So this mid term chart has potential to give upto 200% big gains.
Atif Akbar (moon333)
The moves analysis involves hours of hard work and determination however the success of trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the moves as per predefined classical pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.