Hi, friends hope you are well and welcome to the new update on Blockstack (STX) coin.
On the daily chart, the price action of the STX coin has completed a Gartley then a Shark and again it is completing the last leg of another bullish Shark pattern and soon it will be entered in potential reversal zone.
Buying and sell ranges:
The buying zone starts from 0.886 to 1.13 Fibonacci levels, and the sell zone can be the Fibonacci projection between 0.382 to 0.786 .
Stop loss:
The maximum extent of the potential reversal zone at 1.13 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 59%, and the loss possibility is 13.5%.
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 the daily chart, the price action of the STX coin has completed a Gartley then a Shark and again it is completing the last leg of another bullish Shark pattern and soon it will be entered in potential reversal zone.
Buying and sell ranges:
The buying zone starts from 0.886 to 1.13 Fibonacci levels, and the sell zone can be the Fibonacci projection between 0.382 to 0.786 .
Stop loss:
The maximum extent of the potential reversal zone at 1.13 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 59%, and the loss possibility is 13.5%.
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.
