MBLUSDT completing final leg of Cypher | Upto 202% expected
Hi friends hope you are well, and welcome to the new update on MovieBloc (MBL)token.
On the long-term weekly chart, the price action of the MBL is completing the final leg of bullish Cyhper and soon it will be entered in potential reversal zone.
Buying and sell ranges:
The buying zone starts form 0.618 to 0.786 Fibonacci levels, and the sell zone can be the Fibonacci projection between 0.382 to 0.786 .
Stop loss:
The maximum extent of potential reversal zone at 0.786 Fib level can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 202%, and the loss possibility is 36 %.
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 long-term weekly chart, the price action of the MBL is completing the final leg of bullish Cyhper and soon it will be entered in potential reversal zone.
Buying and sell ranges:
The buying zone starts form 0.618 to 0.786 Fibonacci levels, and the sell zone can be the Fibonacci projection between 0.382 to 0.786 .
Stop loss:
The maximum extent of potential reversal zone at 0.786 Fib level can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 202%, and the loss possibility is 36 %.
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.