Hi dear friends, hope you are well and welcome to the new update on THETA fuel coin.
Previously we had a good trade by TFUEL:
https://www.tradingview.com/chart/TFUELUSDT/Rn5FyamX-Theta-Fuel-has-formed-bullish-Cypher-A-good-buying-opportunity/
Brokedown the wedge and H&S formation:
On hour time frame the price action of TFUEL has formed a head and shoulder and also broke down the support of wedge:
On a daily time frame chart, the price action of TFUEL may complete the final leg of bullish Shark .
https://www.tradingview.com/chart/TFUELUSDT/0V2z2mfi-Theta-Fuel-TFUEL-completing-the-bullish-Shark-Upto-87-move/
Buying and sell targets for Shark move:
The buying and sell targets as per the Fibonacci sequence of the Shark pattern should be:
Buy between: $0.3262 to $0.2695
Sell between: $0.3837 to $0.5046
Stop loss:
The maximum extent of the potential reversal zone to $0.2695 can be used as a stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 87%,%, and the high loss possibility upto 17%.
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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