Hi, dear friends, hope you are well and welcome to the new update on Pundi X token.
On the 4-hourly chart, the price action of Pundi X is forming the bullish Shark pattern.
Buying and sell targets for Shark move:
Buy between: $1.31 to $1.23
Sell between: 1.39 to $1.557
Stop loss:
The maximum extent of potential reversal zone at 1.13 Fib level can be used as stop-loss which is $1.23.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 26.5%, and a loss possibility of up to 7%.
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 4-hourly chart, the price action of Pundi X is forming the bullish Shark pattern.
Buying and sell targets for Shark move:
Buy between: $1.31 to $1.23
Sell between: 1.39 to $1.557
Stop loss:
The maximum extent of potential reversal zone at 1.13 Fib level can be used as stop-loss which is $1.23.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 26.5%, and a loss possibility of up to 7%.
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.