Hi patrons, hope you are well and welcome to the new update on the Stacks ( STX ) coin.
Recently we had a nice trade of STX:
On the 12-hour chart, the price action of the STX with Bitcoin pair has completed the final leg of the Gartley pattern.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Buy between: 0.00003668 to 0.00003529 btc
Sell between: 0.00003777 to 0.00004040 btc
Stop loss:
The maximum extent of the potential reversal zone to 0.00003529 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility up to 14% and a loss possibility is 4%.
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.
Recently we had a nice trade of STX:
On the 12-hour chart, the price action of the STX with Bitcoin pair has completed the final leg of the Gartley pattern.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Buy between: 0.00003668 to 0.00003529 btc
Sell between: 0.00003777 to 0.00004040 btc
Stop loss:
The maximum extent of the potential reversal zone to 0.00003529 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility up to 14% and a loss possibility is 4%.
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.