ZILUSDT formed BAT | Upto 20.5% move expected
Hi friends hope you are well, and welcome to the new update on Zilliqa coin.
On 4-hour chart, the price action of the ZIL has completed the final leg of bullish BAT and entered in potential reversal zone.
Buying and sell ranges:
The buying zone starts from 0.786 to 0.886 Fibonacci levels, and the sell zone can be the Fibonacci projection between 0.382 to 0.786 .
Stop loss:
The maximum extent of potential reversal zone at 0.886 Fib level can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 160%, and the loss possibility is 20.5% and the loss possibility is only 3%
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 4-hour chart, the price action of the ZIL has completed the final leg of bullish BAT and entered in potential reversal zone.
Buying and sell ranges:
The buying zone starts from 0.786 to 0.886 Fibonacci levels, and the sell zone can be the Fibonacci projection between 0.382 to 0.786 .
Stop loss:
The maximum extent of potential reversal zone at 0.886 Fib level can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 160%, and the loss possibility is 20.5% and the loss possibility is only 3%
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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