Hi dear friends, hope you are well and welcome to the new update on Pundi X (PUNDIX).
Previously we had a nice trade of PUNDIX on a very small time period 1-hour chart:
https://www.tradingview.com/chart/PUNDIXUSDT/UI5bvLCW-PUNDIX-forming-bullish-Cypher-A-good-long-opportunity/
Now this time on a 4-hour time frame chart, the price action of PUNDIX has formed bullish Cypher pattern.
https://www.tradingview.com/chart/PUNDIXUSDT/HMOQwn2m-Pundi-X-new-formed-bullish-Cypher-for-upto-18-5-move/
Buy and Sell targets:
Buy between: $4.34 to $4.13
Sell between: $4.50 to $4.90
Stop loss:
The maximum extent of potential reversal zone $4.13 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 18.5%, and the loss possibility is 5%.
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:
https://www.patreon.com/moon333
Link for BINANCE exchange, the best place to buy or sell Crypto:
https://www.binance.com/?ref=11256882
