THETA formed bullish Gartley | A good long opportunity
Hi dear patrons, hope you are well and welcome to the new update on Theta coin.
Previously we had a nice trade of Theta:
Now again on the 12-hr time frame chart, the price action has formed final leg of bullish Gartley pattern.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Buy between: $12.17 to $11.74
Sell between: $12.51 to $13.32
Stop loss:
The maximum extent of potential reversal zone $11.74 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility up to 13% and the loss possibility is 4%.
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
Previously we had a nice trade of Theta:
Now again on the 12-hr time frame chart, the price action has formed final leg of bullish Gartley pattern.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Buy between: $12.17 to $11.74
Sell between: $12.51 to $13.32
Stop loss:
The maximum extent of potential reversal zone $11.74 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility up to 13% and the loss possibility is 4%.
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