Hi dear patrons, hope you are well and welcome to the new update on BitTorrent (BTT) token.
On the weekly time frame chart, the price action has of BTT has formed a big bullish BAT pattern. There is also 50 simple moving average support in buying zone.
Buy and sell targets:
Buy between: $0.003151 to $0.001824
Sell between: $0.006314 to $0.011062
Stop loss:
The maximum extent of potential reversal zone $0.001824 can be used as stop loss. Or the 50 SMA support can also be used to minimize the risk.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of up to 500%, and the loss possibility is 42%. However, we can also use the 50 SMA support in order to minimize the risk.
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 of BTT has formed a big bullish BAT pattern. There is also 50 simple moving average support in buying zone.
Buy and sell targets:
Buy between: $0.003151 to $0.001824
Sell between: $0.006314 to $0.011062
Stop loss:
The maximum extent of potential reversal zone $0.001824 can be used as stop loss. Or the 50 SMA support can also be used to minimize the risk.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of up to 500%, and the loss possibility is 42%. However, we can also use the 50 SMA support in order to minimize the risk.
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.