Hi my friends hope you are well, there is another bullish wave possible by the price action of Theta fuel token.
Formation of bullish BAT pattern:
This time on 12 hour chart the Tfuel token is forming a bullish BAT pattern and soon it will be entered in potential reversal zone.
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Buying And Sell Targets:
The buying and sell targets according to harmonic BAt pattern and its Fibonacci sequence should be:
Buy between: $0.0066 to $0.0043
Sell between: $0.0120 to $0.0200
Stop Loss:
The potential reversal zone area that is up to $0.0043 can be used as stop loss in case of complete candle stick opens and closes below this level.
Possible profit and loss ratio:
As per above targets this trade has the profit possibility of 365% and as per above mentioned stop loss, the loss possibility is 38%
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.