PAXG/BTC 12h (Binance Spot) Descending channel on support
#PaxGold is a digital asset where one token is backed by one fine troy ounce of gold bar.
Right now price is holding on parallel channel support, I believe it's a great opportunity to hedge some Bitcoin after such bull run!
Current Price= 0.14543
Buy Entry= 0.14300 - 0.14628
Take Profit= 0.15235 | 0.16302 | 0.16798
Stop Loss= 0.13693
Risk/Reward= 1:1 | 1:2.38 | 1:3.03
Expected Profit= +5.33% | +12.71% | +16.14%
Possible Loss= -5.33%
Fib. Retracement= 0.236 | 0.5 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 720h
PS: Fibonacci 0.786 at 0.17576 BTC with R/R= 1:4 would be an even better last target if you're up to it...
Right now price is holding on parallel channel support, I believe it's a great opportunity to hedge some Bitcoin after such bull run!
Current Price= 0.14543
Buy Entry= 0.14300 - 0.14628
Take Profit= 0.15235 | 0.16302 | 0.16798
Stop Loss= 0.13693
Risk/Reward= 1:1 | 1:2.38 | 1:3.03
Expected Profit= +5.33% | +12.71% | +16.14%
Possible Loss= -5.33%
Fib. Retracement= 0.236 | 0.5 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 720h
PS: Fibonacci 0.786 at 0.17576 BTC with R/R= 1:4 would be an even better last target if you're up to it...
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.