}
Hi dear friends, hope you are well and welcome to the new update on TokenClub (TCT).
On the 12-hour time frame chart, the price action has formed the final leg of the bullish Gartley pattern. There is also 50 simple moving average support in buying zone.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Buy between: $0.0630 to $0.0553
Sell between: $0.0692 to $0.0838
Stop loss:
The maximum extent of potential reversal zone $0.0553 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility up to 51.5% and the loss possibility is 13%.
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 harmonic trading ideas you can join: