Verasity (VRA) foremd a big bullish BAT for upto 577% rallyHey dear patrons, hope you are well, and welcome to the new update on Verasity (VRA).
On the weekly time frame chart, the price action has formed a big bullish BAT pattern. There is also a 50 simple moving average support in the buying zone.
Buy and sell targets:
Buy between: $0.0123 to $0.0067
Sell between: $0.0255 to $0.0454
Stop loss:
The maximum extent of potential reversal zone $0.0067 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of 577%, and the a big loss possibility is 46%. However, in order to minimize the risk we can use the 50 SMA weekly as a stop loss.
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
