$EGLD/USDT 1D (#Bybit) inverted Head & Shoulders breakout
Updated
MultiversX (f.k.a. Elrond eGold) is pulling back to iHnS neckline / 100EMA support, looks good for a bounce back and a bullish continuation.
⚡️⚡️ #EGLD/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (3.0X)
Amount: 5.0%
Current Price:
45.95
Entry Zone:
45.95 - 43.39
Take-Profit Targets:
1) 51.75
2) 57.08
3) 62.41
Stop Targets:
1) 38.75
Published By: @Zblaba
EGLD #EGLDUSDT #MultiversX #Elrond #eGold
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +47.3% | +83.1% | +119.1%
Possible Loss= -39.7%
Estimated Gaintime= 2-3 months
⚡️⚡️ #EGLD/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (3.0X)
Amount: 5.0%
Current Price:
45.95
Entry Zone:
45.95 - 43.39
Take-Profit Targets:
1) 51.75
2) 57.08
3) 62.41
Stop Targets:
1) 38.75
Published By: @Zblaba
EGLD #EGLDUSDT #MultiversX #Elrond #eGoldRisk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +47.3% | +83.1% | +119.1%
Possible Loss= -39.7%
Estimated Gaintime= 2-3 months
Trade active
All entries filledMultiversX did not bounce where we expected (yet) but so far have found support on MA100.
Trade closed: stop reached
🛑SL hit with -39.7% (3x) and -1RMultiversX lost 100MA and fell lower, stopping us out. Then bounced on Fib 0.786 printing a reversal candle!
Note
Back above entryMultiversX finally bounced and seems to be ready for previous targets, congrats if you held or bought the dip.
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