Hi friends, hope you are well, and welcome to the new update on Terra (LUNA).
On the weekly time frame chart, the price action has formed a big bullish BAT pattern.
Buy and sell targets:
Buy between: $5.028 to $2.81
Sell between: $10.29 to $18.20
Stop loss:
The maximum extent of the potential reversal zone $2.81 can be used as stop loss. Or the $4 support can also be used to decrease the risk.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of up to 540%, and the loss possibility is 45%. However, the candlesticks are accumulated above the $4 support. Therefore in order to minimize the risk we can use this level as stop loss.
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 bullish BAT pattern.
Buy and sell targets:
Buy between: $5.028 to $2.81
Sell between: $10.29 to $18.20
Stop loss:
The maximum extent of the potential reversal zone $2.81 can be used as stop loss. Or the $4 support can also be used to decrease the risk.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of up to 540%, and the loss possibility is 45%. However, the candlesticks are accumulated above the $4 support. Therefore in order to minimize the risk we can use this level as stop loss.
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.
Trade closed: target reached
More than 200% profit so far
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.