FILFilecoin (FIL) formed big BAT for upto 338% huge move
Hi dear patrons, hope you are well and welcome to the new update on Filecoin (FIL) coin.
Previously we had a nice harmonic trade of FIL.
On the 4-day time frame chart, the price action has formed a big bullish BAT pattern
Buy and sell targets:
Buy between: $66.66 to $44.84
Sell between: $118.70 to $196.82
Stop loss:
The maximum extent of potential reversal zone $44.84 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of 338%, and the loss possibility is 33%. But at the moment it is a low-risk trade, coz the price action is already at the end of the buying zone.
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 FIL.
On the 4-day time frame chart, the price action has formed a big bullish BAT pattern
Buy and sell targets:
Buy between: $66.66 to $44.84
Sell between: $118.70 to $196.82
Stop loss:
The maximum extent of potential reversal zone $44.84 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of 338%, and the loss possibility is 33%. But at the moment it is a low-risk trade, coz the price action is already at the end of the buying zone.
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.