THETA formed a bullish BAT for a good long opporunity
Hey dear patrons, hope you are well and welcome to the new update on Theta coin.
On the 12 hour chart, the price action of THETA has formed the final leg of the bullish BAT pattern.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the BAT pattern should be:
Buy between: $12.01 to $11.76
Sell between: $12.59 to $13.48
Stop loss:
The maximum extent of potential reversal zone $11.76 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 14.5% and the loss possibility is 2.5%.
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
On the 12 hour chart, the price action of THETA has formed the final leg of the bullish BAT pattern.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the BAT pattern should be:
Buy between: $12.01 to $11.76
Sell between: $12.59 to $13.48
Stop loss:
The maximum extent of potential reversal zone $11.76 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 14.5% and the loss possibility is 2.5%.
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