Decentraland (MANA) formed Shark for upto 15.5% profit move
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On the short-term 4-hour time period chart, the price action of MANA token with Bitcoin pair has completed the final leg of Shark pattern and entered in potential reversal zone. There is also 200 SMA support below the buying zone.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Shark pattern should be:
Potential reversal or buying zone: 0.00000556 to 0.00000539 btc
Fibonacci projection or sell zone: 0.00000580 to 0.00000624 btc
Stop loss:
The maximum extent of potential reversal zone to 00000539 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of 15.5%, and the loss possibility is only 3.2%.
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 short-term 4-hour time period chart, the price action of MANA token with Bitcoin pair has completed the final leg of Shark pattern and entered in potential reversal zone. There is also 200 SMA support below the buying zone.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Shark pattern should be:
Potential reversal or buying zone: 0.00000556 to 0.00000539 btc
Fibonacci projection or sell zone: 0.00000580 to 0.00000624 btc
Stop loss:
The maximum extent of potential reversal zone to 00000539 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of 15.5%, and the loss possibility is only 3.2%.
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.
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