On daily time period chart, the price action of Bella Protocol (BEL) is completing final leg of bullish Shark pattern, and soon it will be entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to bullish Shark should be:
Potential reversal or buying zone: $0.7036 to $0.4832
Fibonacci projection or sell zone: $0.9057 to $1.3555
Stop Loss:
The potential reversal zone area that is up to $0.4832 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 180% and as per the above-mentioned stop loss, the loss possibility is 32%.
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.
Buying And Sell Targets:
The buying and sell targets according to bullish Shark should be:
Potential reversal or buying zone: $0.7036 to $0.4832
Fibonacci projection or sell zone: $0.9057 to $1.3555
Stop Loss:
The potential reversal zone area that is up to $0.4832 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 180% and as per the above-mentioned stop loss, the loss possibility is 32%.
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.
