The previous idea produced more than 177% rally:
Before execution:
Previous idea after 177% rally:
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Now again on daily chart , the price action of NEO coin has formed Gartley pattern and reached in potential reversal zone.
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Buying And Sell Targets:
The buying and sell targets as per Fibonacci sequence of Gartley pattern should be:
Potential reversal or buying zone: $ 16.67 to $ 15.26
Fibonacci projection or sell zone: $ 17.77 to $ 20.42
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Stop Loss:
The potential reversal zone area that is up to $ 15.26 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 33.8% and as per the above-mentioned stop loss, the loss possibility is 8.5%.
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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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