Hi friends hope you are well and welcome to the new update on the Monero coin.
On the 4-hour chart, the price action of XMR coin has completed the final leg of bullish Gartley and entered in potential reversal zone.
Buying and sell ranges:
The buying zone starts from 0.618 to 0.786 Fibonacci levels, and the sell zone can be the Fibonacci projection between 0.382 to 0.786 .
Stop loss:
The maximum extent of the potential reversal zone at 0.786 Fib level can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 11%, and the loss possibility is 3%.
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-hour chart, the price action of XMR coin has completed the final leg of bullish Gartley and entered in potential reversal zone.
Buying and sell ranges:
The buying zone starts from 0.618 to 0.786 Fibonacci levels, and the sell zone can be the Fibonacci projection between 0.382 to 0.786 .
Stop loss:
The maximum extent of the potential reversal zone at 0.786 Fib level can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 11%, and the loss possibility is 3%.
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.