pNetwork (PNT) formed a big Shark for upto 900% big move
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On the weekly time frame chart, the price action of PNT has formed a big bullish Shark pattern. There is very strong support at $0.30, therefore I have defied the buying range up to this level.
Buying and sell targets:
Buy between: $0.7268 to $0.30
Sell between: $1.41 to $3.01
The buying zone is too wide, however, the bullish move as compare to buying zone is huge, therefore try to buy as low as possible. For this purpose we can also wait for the RSI to enter the oversold zone.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility up to 900% and a huge loss possibility is up to 59%.
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 of PNT has formed a big bullish Shark pattern. There is very strong support at $0.30, therefore I have defied the buying range up to this level.
Buying and sell targets:
Buy between: $0.7268 to $0.30
Sell between: $1.41 to $3.01
The buying zone is too wide, however, the bullish move as compare to buying zone is huge, therefore try to buy as low as possible. For this purpose we can also wait for the RSI to enter the oversold zone.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility up to 900% and a huge loss possibility is up to 59%.
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.
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