moon333

PPTBTC formed bullish BAT | Upto 21% move expected

Long
BINANCE:PPTBTC   Populous / Bitcoin
On a 2 hours chart, the price action of Populous ( PPT ) has completed the final leg of bullish harmonic BAT pattern and entered in a potential reversal zone.

Buying And Sell Targets:
The buying and sell targets according to harmonic BAT pattern should be:

Potential reversal or buying zone: 0.00001501 to 0.00001457 btc
Fibonacci projetion or sell zone: 0.00001607 to 0.00001766 btc

Stop Loss:
The potential reversal zone area that is up to 0.00001457 btc can be used as stop loss in case of complete candlestick closes below this level.

Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 21% and as per the above-mentioned stop loss, the loss possibility is 3.10%.

Note: Above idea is for educational purpose only.

Comments

logical setup. great upside. 20%+ gains in fact possible.
Reply
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