Hi dear friends, hope you are well and welcome to the new update on Telcoin (TEL) token.
On a weekly chart, the priceline of TEL has formed bullish Gartley pattern. The price action accumulated above 25 simple moving average and now likely to move up from here.
Buy and sell targets:
Buy between: $0.02492 to $0.01403
Sell between: $0.03350 to $0.05409
Stop loss:
The maximum extent of buying zone to $0.014 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a small profit possibility of up to 280%, and a huge loss possibility is 44%, however, in order to minimize the loss ratio we can use 25 SMA as stop loss.
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 a weekly chart, the priceline of TEL has formed bullish Gartley pattern. The price action accumulated above 25 simple moving average and now likely to move up from here.
Buy and sell targets:
Buy between: $0.02492 to $0.01403
Sell between: $0.03350 to $0.05409
Stop loss:
The maximum extent of buying zone to $0.014 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a small profit possibility of up to 280%, and a huge loss possibility is 44%, however, in order to minimize the loss ratio we can use 25 SMA as stop loss.
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