moon333

Marlin (POND) token formed Cypher pattern for upto 36% rally

Long
HUOBI:PONDBTC   None
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Hi dear patrons, hope you are well and welcome to the new update on Marlin (POND) token with BTC pair.
On the 4-hour time frame chart, the priceline of POND has completed the formation of a bullish Cypher pattern and entered the buying zone. There is also 200 SMA support below the buying zone.


Buying and sell targets:
The buying zone starts form 0.618 to 0.786 Fibonacci levels, and the sell zone can be the Fibonacci projection between 0.382 to 0.786 as below:

Buy between: 0.0000029114 to 0.0000026492 btc

Sell between: 0.0000031180 to 0.0000036137 btc

Stop loss:
The maximum extent of potential reversal zone .0000026492 btc can be used as stop loss.

Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 36%, and the loss possibility is 9.5%.


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.


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