Long
Reef has formed bullish Shark | Upto 51% move expected
Hi dear patrons, hope you are well, and welcome to the new update on Reef token.
Previously we had a nice trade of REEF token:
Now on the 2-day time frame chart, the price action of REEF has completed the final leg of bullish Shark pattern.
Buying and sell targets for Shark move:
Buy between:
Buy between: $0.03299 to $0.02949
Sell between: $0.03684 to $0.044611
Stop loss:
The maximum extent of the potential reversal zone to $0.02949 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 51%, and a loss possibility up to 11%.
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 trade of REEF token:
Now on the 2-day time frame chart, the price action of REEF has completed the final leg of bullish Shark pattern.
Buying and sell targets for Shark move:
Buy between:
Buy between: $0.03299 to $0.02949
Sell between: $0.03684 to $0.044611
Stop loss:
The maximum extent of the potential reversal zone to $0.02949 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 51%, and a loss possibility up to 11%.
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.