Po.et (as almost all crypto) is on the corner ot diamond bottom breakout. This can be on the either way. If this is the case, I would like to recommend you using a tight stop-loss strategy. The calculations below sugget theoretical use of price targets in the case of diamond bottom breakout for the upward or downward scenarios.
Highest Peak of Diamond Pattern: 172 sts
Lowest Valley of Diamond Pattern: 120 sts
Diamond Bottom (min.) Upward Breakout Price Target: (172-120)*0.8 = 42 sts + breakout price = ~ 195 sts
Diamond Bottom (min.) Downward Breakout Price Target: breakout price - ((172-120)*0.6 = 32 sts) = ~ 110 sts
Highest Peak of Diamond Pattern: 172 sts
Lowest Valley of Diamond Pattern: 120 sts
Diamond Bottom (min.) Upward Breakout Price Target: (172-120)*0.8 = 42 sts + breakout price = ~ 195 sts
Diamond Bottom (min.) Downward Breakout Price Target: breakout price - ((172-120)*0.6 = 32 sts) = ~ 110 sts