On the weekly time frame chart, the price action of Orchid has formed a big bullish Shark pattern.
Buying and sell targets:
Buy between: $0.2632 to $0.1193 (at $0.21 we have strong support therefore, we should max buy at this level rather than upto $0.1193)
Sell between: $0.4600 to $0.8203
Stop loss:
At $0.21 we have strong support therefore, we should use this level as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility up to 290% and a loss possibility is up to 21%.
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
Buying and sell targets:
Buy between: $0.2632 to $0.1193 (at $0.21 we have strong support therefore, we should max buy at this level rather than upto $0.1193)
Sell between: $0.4600 to $0.8203
Stop loss:
At $0.21 we have strong support therefore, we should use this level as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility up to 290% and a loss possibility is up to 21%.
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