}
Hi dear friends, hope you are well and welcome to the new update on Theta fuel coin.
Previously we had a good trade by TFUEL:
Brokedown the wedge and H&S formation:
On hour time frame the price action of TFUEL has formed a head and shoulder and also broke down the support of wedge:
On a daily time frame chart, the price action of TFUEL may complete the final leg of bullish Shark .
Buying and sell targets for Shark move:
The buying and sell targets as per the Fibonacci sequence of the Shark pattern should be:
Buy between: $0.3262 to $0.2695
Sell between: $0.3837 to $0.5046
Stop loss:
The maximum extent of the potential reversal zone to $0.2695 can be used as a stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 87%,%, and the high loss possibility upto 17%.
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.
For more trading ideas you can join
https://www.patreon.com/moon333