On the daily chart, the price action of the Mithril (MITH) token is completing the final leg of bullish BAT and soon it will be entered in the potential reversal zone.
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Buying And Sell Targets:
The buying and sell targets as per the Fibonacci sequence of BAT pattern should be:
Potential reversal or buying zone: $0.01232 to $0.01151
Fibonacci projection or sell zone: $0.01427 to $0.01722
Stop Loss:
The potential reversal zone area that is up to $0.01151 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 49% and as per the above-mentioned stop loss, the loss possibility is 7%.
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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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