$PAXG/BTC 4h (Binance Spot) Falling wedge breakout & retest
Updated
Paxos Gold broke-bullish and regained 50MA again, this time it could be for good, let's hedge some Bitcoin.
Current Price= 0.03836
Buy Entry= 0.03805 - 0.03701
Take Profit= 0.04130 | 0.04519 | 0.04834
Stop Loss= 0.03469
Risk/Reward= 1:1.33 | 1:2.7 | 1:3.81
Expected Profit= +10.05% | +20.41% | +28.80%
Possible Loss= -7.57%
Fib. Retracement= 0.5 | 0.786 | 1
Margin Leverage= 1x | 2x | 3x
Estimated Gain-time= 10 days
Current Price= 0.03836
Buy Entry= 0.03805 - 0.03701
Take Profit= 0.04130 | 0.04519 | 0.04834
Stop Loss= 0.03469
Risk/Reward= 1:1.33 | 1:2.7 | 1:3.81
Expected Profit= +10.05% | +20.41% | +28.80%
Possible Loss= -7.57%
Fib. Retracement= 0.5 | 0.786 | 1
Margin Leverage= 1x | 2x | 3x
Estimated Gain-time= 10 days
Trade active
First entry filledPaxos Gold dipped as planned, we may have our 2nd entry before the bounce though, let's stay patient!
Trade active
Second entry filledPaxos Gold retested 50MA as expected and is consolidating above it, looks ready for an impulse anytime now!
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