Pundi X formed bullish Shark for upto 29% move.
Updated
Hey dear patrons, hope you are well and welcome to the new trade setup of PUNDIX.
On a daily time frame chart, the PUNDIX token has formed a bullish Shark pattern. Right now after entering the buying zone, the price action has moved up. For the day trade, we can wait for the priceline to enter the buying zone again.
Buying and sell targets:
Buy between: $1.64 to $1.53
Sell between: $1.75 to $1.98
Stop loss:
The maximum extent of the buying zone to $1.53 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of up to 29%, and the loss possibility is 7%.
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 daily time frame chart, the PUNDIX token has formed a bullish Shark pattern. Right now after entering the buying zone, the price action has moved up. For the day trade, we can wait for the priceline to enter the buying zone again.
Buying and sell targets:
Buy between: $1.64 to $1.53
Sell between: $1.75 to $1.98
Stop loss:
The maximum extent of the buying zone to $1.53 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of up to 29%, and the loss possibility is 7%.
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
Trade closed: target reached
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.