Hi dear patrons, hope you are well and welcome to the new update on Tron.
On the 2-day time period chart, the price action of the TRX has completed the final leg of bullish BAT and entered in the potential reversal zone. There is also 100 simple moving average support below the potential reversal zone area.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the BAT pattern should be:
Potential reversal or buying zone: $0.0282 to $0.0271
Fibonacci projection or sell zone: $0.0308 to $0.0347
Stop loss:
The maximum extent of potential reversal zone $0.02716 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 27.5% and the loss possibility is only 4%
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 2-day time period chart, the price action of the TRX has completed the final leg of bullish BAT and entered in the potential reversal zone. There is also 100 simple moving average support below the potential reversal zone area.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the BAT pattern should be:
Potential reversal or buying zone: $0.0282 to $0.0271
Fibonacci projection or sell zone: $0.0308 to $0.0347
Stop loss:
The maximum extent of potential reversal zone $0.02716 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 27.5% and the loss possibility is only 4%
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