Hi friends and welcome to the new update on NPXS token's trade plan with stop loss strategy. On a daily chart, the price action of Pundi X is completing the final leg of the bullish harmonic BAT pattern and soon it will be entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic BAT pattern should be:
Buy between: $0.0001460 to $0.0001379
Sell between: $0.0001654 to $0.0001948
The potential reversal zone area that is up to $0.0001379 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 41% and as per the above-mentioned stop loss, the loss possibility is 5.6%.