Hi dear friends, hope you are well and welcome to the new update on Litentry (LIT) token.
In the long-term weekly time period chart, the LIT has formed a bullish BAT.
Buying and sell targets:
Buy between: $4.22 to $2.36
Sell between: $8.65 to $15.30
Stop loss:
The maximum extent of buying zone can be used as stop loss, that is: $2.36.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 500% and the high loss possibility is 44%, but the price action is already close to the maximum extent of the buying zone therefore at the moment the loss possibility if low.
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
In the long-term weekly time period chart, the LIT has formed a bullish BAT.
Buying and sell targets:
Buy between: $4.22 to $2.36
Sell between: $8.65 to $15.30
Stop loss:
The maximum extent of buying zone can be used as stop loss, that is: $2.36.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 500% and the high loss possibility is 44%, but the price action is already close to the maximum extent of the buying zone therefore at the moment the loss possibility if low.
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