VeChain (VET) completed big BAT for upto 450% huge move
Hi patrons, hope you are well, and welcome to the new update on VeChain (VET) coin.
Previously we had a nice harmonic trade of VET coin.
Now on the weekly time frame chart, the price action has formed a big bullish BAT pattern. There is also 50 simple moving average in the buying zone and 100 SMA is below this area.
Buy and sell targets:
Buy between: $0.0668 to $0.0397
Sell between: $0.1314 to $0.2284
Stop loss:
The maximum extent of potential reversal zone $0.0397 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of 450%, and a high loss possibility is 41% Therefore in order to minimize the risk we can also use the 50 SMA as a 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.
Previously we had a nice harmonic trade of VET coin.
Now on the weekly time frame chart, the price action has formed a big bullish BAT pattern. There is also 50 simple moving average in the buying zone and 100 SMA is below this area.
Buy and sell targets:
Buy between: $0.0668 to $0.0397
Sell between: $0.1314 to $0.2284
Stop loss:
The maximum extent of potential reversal zone $0.0397 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of 450%, and a high loss possibility is 41% Therefore in order to minimize the risk we can also use the 50 SMA as a 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.
Trade closed: target reached