$PAXG/BTC 3h (#BinanceSpot) Descending channel breakout & retest
Updated
Paxos Gold regained 50MA support and is pulling back to it, let's #Hedge for that possible way back up!
Current Price= 0.04257
Buy Entry= 0.04257 - 0.04159
Take Profit= 0.04488 | 0.04722 | 0.04956
Stop Loss= 0.03974
Risk/Reward= 1:1.2 | 1:2.2 | 1:3.2
Expected Profit= +6.65% | +12.22% | +17.78%
Possible Loss= -5.56%
Fib. Retracement= 0.441 | 0.618 | 0.786
Margin Leverage= 1x | 2x | 3x
Estimated Gain-time= 2 weeks
Tags: #PAXG #PAXGBTC #PaxGold #Paxos #Gold #XAU #PreciousMetal #DeFi #BSC #BC #SolEco
Website: paxos.com/paxgold
Contracts:
#ERC20 0x45804880de22913dafe09f4980848ece6ecbaf78
#BEP20 0x7950865a9140cb519342433146ed5b40c6f210f7
#BEP2 PAXG-9B2
#SPL C6oFsE8nXRDThzrMEQ5SxaNFGKoyyfWDDVPw37JKvPTe
Current Price= 0.04257
Buy Entry= 0.04257 - 0.04159
Take Profit= 0.04488 | 0.04722 | 0.04956
Stop Loss= 0.03974
Risk/Reward= 1:1.2 | 1:2.2 | 1:3.2
Expected Profit= +6.65% | +12.22% | +17.78%
Possible Loss= -5.56%
Fib. Retracement= 0.441 | 0.618 | 0.786
Margin Leverage= 1x | 2x | 3x
Estimated Gain-time= 2 weeks
Tags: #PAXG #PAXGBTC #PaxGold #Paxos #Gold #XAU #PreciousMetal #DeFi #BSC #BC #SolEco
Website: paxos.com/paxgold
Contracts:
#ERC20 0x45804880de22913dafe09f4980848ece6ecbaf78
#BEP20 0x7950865a9140cb519342433146ed5b40c6f210f7
#BEP2 PAXG-9B2
#SPL C6oFsE8nXRDThzrMEQ5SxaNFGKoyyfWDDVPw37JKvPTe
Trade active
All entries filledPaxos Gold is retesting the support and RSI already cooled down, a bounce back would make sense!
Trade closed: target reached
TP1 reached with +6.65% and +1.2R🎯Paxos Gold confirmed the breakout and went up retesting 200MA resistance, +19.95% using 3x in Margin.
Trade closed: target reached
TP2 reached with +12.22% and +2.2RPaxos Gold regained 200MA and continued the pump bringing up to +44.13% (3x)
It was definitely a great way to #Hedge against Bitcoin, SL updated to highest entry (0.04257)
Trade closed: target reached
TP3 reached with +17.78% and +3.2R🎯Paxos Gold followed the forecast so precisely with up to +55.38% (3x), trade is fully closed now!
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