Hi friends hope you are well, and welcome to the new update on Dent token.
On 12-hour chart, the price action of the Dent has completed final leg of bullish BAT and entered in potential reversal zone. There is also strong support of 200 simple moving average in PRZ level.
Buying and sell ranges:
The buying zone starts form 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 profit possibility of 80%, and the loss possibility is only 10.5%
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 12-hour chart, the price action of the Dent has completed final leg of bullish BAT and entered in potential reversal zone. There is also strong support of 200 simple moving average in PRZ level.
Buying and sell ranges:
The buying zone starts form 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 profit possibility of 80%, and the loss possibility is only 10.5%
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.