Filecoin (FIL) formed bullish Shark for upto 32% move
Updated
Hi dear patrons, hope you are well and welcome to the new trade setup of Filecoin (FIL) coin.
Previously we had a nice harmonic trade of FIL.
Now on daily time frame, FIL has formed bullish Shark pattern. After completing the leg the price is moved up, but it may give us another chance to catch from buying zone is BTC takes another drop.
Buy between: $53.17 to $49.43
Sell between: $57.15 to $65.32
Stop loss:
Stop loss can be set below the the maximum extent of buying zone which is $49.43.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of up to 32% and a loss possibility is 7.5%.
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
Previously we had a nice harmonic trade of FIL.
Now on daily time frame, FIL has formed bullish Shark pattern. After completing the leg the price is moved up, but it may give us another chance to catch from buying zone is BTC takes another drop.
Buy between: $53.17 to $49.43
Sell between: $57.15 to $65.32
Stop loss:
Stop loss can be set below the the maximum extent of buying zone which is $49.43.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of up to 32% and a loss possibility is 7.5%.
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
Trade closed: target reached
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