Bella Protocol (BEL) Completing Final Leg Of Bullish Shark For A Very Good Long Possibility



 On the small time period 1 hour chart , the price action of Bella Protocol (BEL) is completing final leg of Shark and soon it will be reached in potential reversal zone.

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Buying And Sell Targets:
The buying and sell targets as per Fibonacci sequence of Shark formation can be as below:

Potential reversal or buying zone: $1.2332 to $1.2174

 

Fibonacci projection or sell zone: $1.2511 to $1.2872


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Stop Loss:
 The potential reversal zone area that is up to $1.2174 can be used as stop loss in case of complete candlestick closes below this level.



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Possible profit and loss ratio:
 As per above targets this trade has a profit possibility of 5.7% and as per the above-mentioned stop loss, the loss possibility is 1.3 %.

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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