}
Hi dear friends, hope you are well and welcome to the new update on Orion Protocol ( ORN ).
On the 12 time period chart, the price action of Orion Protocol has formed the final leg of the bullish BAT pattern. Due to yesterday's extreme sell off the price action has moved below the buying zone. But still has good mid-term support at $16. Therefore we can still achieve the sell targets of this BAT. And the stop loss can be $16, because if this support will be broken down then a powerful bearish trend can be started. This can be low-risk high-reward trade.
Buying and sell targets:
Buy between: $18.96 to $17.57
Sell between: $22.26 to $27.22
Stop loss:
The maximum extent of buying zone can be used as a stop loss, that is: $17.57.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 54.5% and the loss possibility is 8%.
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