Hi dear patrons, hope you are well and welcome to the new update on the MANTRA DAO token.
On a small time frame 2-hr chart, the priceline of OM token has completed the final leg of the bullish Gartley and entered the potential reversal zone.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Potential reversal or buying zone: $0.3970 to $0.3464
Fibonacci projection or sell zone: $0.4369 to $0.5327
Stop loss:
The maximum extent of potential reversal zone: $0.3464 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility up to 53.5% and the loss possibility is 13%.
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 small time frame 2-hr chart, the priceline of OM token has completed the final leg of the bullish Gartley and entered the potential reversal zone.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Potential reversal or buying zone: $0.3970 to $0.3464
Fibonacci projection or sell zone: $0.4369 to $0.5327
Stop loss:
The maximum extent of potential reversal zone: $0.3464 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility up to 53.5% and the loss possibility is 13%.
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.