Orchid (OXT) formed big Shark for huge more upto 187% rally
Hi friends hope you are well and welcome to the new update on Orchid ( OXT ).
During the previous market crash, OXT formed a big bullish Shark which I shared as below:
Now during the current drop, OXT has formed another bullish Shark, on a weekly time frame.
Buying and sell targets:
Buy between: $0.3301 to $0.2321
Sell between: $0.4437 to $0.6675
Stop loss:
Below strong support $0.2321, there is a very strong support at $0.2030, therefore, in my opinion we can set the stop loss here.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of up to 187%, and a high loss possibility of 30%. But right now it very low almost 8% as the OXT is being traded at $0.25, at the time of writing.
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
During the previous market crash, OXT formed a big bullish Shark which I shared as below:
Now during the current drop, OXT has formed another bullish Shark, on a weekly time frame.
Buying and sell targets:
Buy between: $0.3301 to $0.2321
Sell between: $0.4437 to $0.6675
Stop loss:
Below strong support $0.2321, there is a very strong support at $0.2030, therefore, in my opinion we can set the stop loss here.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of up to 187%, and a high loss possibility of 30%. But right now it very low almost 8% as the OXT is being traded at $0.25, at the time of writing.
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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