Hi dear patrons, hope you are well, and welcome to the new update on AION coin.
On the weekly time frame chart, the price action of Aion has completed the bullish Shark. As per the Fibonacci sequence of Shark, the final leg goes into the negative territory and it is not possible for the price line to move there. Therefore we can set our buying zone max up to $0.09 or $0.06 levels because these are the strong supports.
Buying and sell targets:
Buy between: $0.1136 to $0.09 (because at $0.09 there is strong support)
Sell between: $0.2606 to $0.5447
Stop loss:
The maximum extent of the buying zone 0.09 can be used as a stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of up to 500%, and the loss possibility is 21%.
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
On the weekly time frame chart, the price action of Aion has completed the bullish Shark. As per the Fibonacci sequence of Shark, the final leg goes into the negative territory and it is not possible for the price line to move there. Therefore we can set our buying zone max up to $0.09 or $0.06 levels because these are the strong supports.
Buying and sell targets:
Buy between: $0.1136 to $0.09 (because at $0.09 there is strong support)
Sell between: $0.2606 to $0.5447
Stop loss:
The maximum extent of the buying zone 0.09 can be used as a stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of up to 500%, and the loss possibility is 21%.
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