PAXG/USDT 12h (Binance Spot) Descending triangle breakout
Updated
Last call was stopped for the satoshi pair, BTC was too bullish for it to follow.
So if you prefer to trade #PaxGold with dollars, well there goes the set-up.
It's not available on Futures (at least not yet) so no signal with PC bot, only manual trading!
The idea is to enter on 100EMA retest where I think many are waiting to buy.
Current Price= 1958.00
Buy Entry= 1941.04 - 1920.84
Take Profit= 2099.93
Stop Loss= 1889.27
Risk/Reward= 1:4
Expected Profit= +8.72%
Possible Loss= -2.18%
Fib. Retracement= 1.272
Margin Leverage= 1x
Estimated Gain-time= 720h
So if you prefer to trade #PaxGold with dollars, well there goes the set-up.
It's not available on Futures (at least not yet) so no signal with PC bot, only manual trading!
The idea is to enter on 100EMA retest where I think many are waiting to buy.
Current Price= 1958.00
Buy Entry= 1941.04 - 1920.84
Take Profit= 2099.93
Stop Loss= 1889.27
Risk/Reward= 1:4
Expected Profit= +8.72%
Possible Loss= -2.18%
Fib. Retracement= 1.272
Margin Leverage= 1x
Estimated Gain-time= 720h
Trade active
All entries filledPrice dipped as expected, time to load more and wait for the next move!
Comment
Went for full retest of the triangle after allIf you got stopped on #PaxGold, I recommend you to enter back manually.
I adjusted SL down to 1856.55 that would invalidated the bullish scenario I guess, but very unlikely!
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