$EGLD/USDT 2D (Binance Futures) Ascending trendline on support
Updated
Elrond eGold bounced on 100EMA and seems ready to resume the uptrend, let's place bids inside the demand zone.
Current Price= 242.18
Buy Entry= 241.42 - 212.34
Take Profit= 335.36 | 485.60 | 707.59
Stop Loss= 172.51
Risk/Reward= 1:2 | 1:4.76 | 1:8.84
Expected Profit= +47.81% | +114.03% | +211.88%
Possible Loss= -23.96%
Fib. Retracement= 0.5 | 0.883 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 4.5 months
Websites: elrond.com maiar.exchange
Current Price= 242.18
Buy Entry= 241.42 - 212.34
Take Profit= 335.36 | 485.60 | 707.59
Stop Loss= 172.51
Risk/Reward= 1:2 | 1:4.76 | 1:8.84
Expected Profit= +47.81% | +114.03% | +211.88%
Possible Loss= -23.96%
Fib. Retracement= 0.5 | 0.883 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 4.5 months
Websites: elrond.com maiar.exchange
Trade closed: target reached
TP1 reached with +40.73% (1x) and +2RElrond eGold resumed bullish as expected and is killing it, helped buy high demand for RRIDE launch on MaiarExchange
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