Hi dear patrons, hope you are well and welcome to the new update on IoTeX (IOTX) coin.
On the weekly time frame chart, the price action has formed a big Cypher pattern. There is also weekly 50 SMA support in the buying zone.
Buy and sell targets:
Buy between: $0.03126 to $0.01796
Sell between: $0.04173 to $0.06685
Stop loss:
The maximum extent of potential reversal zone $0.01796 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 270%, and the loss possibility is 43. However, the price action is at the end of the buying zone. Therefore it is a low-risk trade.
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 weekly time frame chart, the price action has formed a big Cypher pattern. There is also weekly 50 SMA support in the buying zone.
Buy and sell targets:
Buy between: $0.03126 to $0.01796
Sell between: $0.04173 to $0.06685
Stop loss:
The maximum extent of potential reversal zone $0.01796 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 270%, and the loss possibility is 43. However, the price action is at the end of the buying zone. Therefore it is a low-risk trade.
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.
İşlem kapandı: hedefe ulaştı
More than 260% rally sofar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.