$PAXG/BTC 8h (Binance Spot) Descending trendline breakout
Updated
Pax Gold broke broke bullish again, let's hedge crypto market on next pull back.
Current Price= 0.03327
Buy Entry= 0.03167 - 0.03061
Take Profit= 0.03465 | 0.04028 | 0.04483
Stop Loss= 0.02833
Risk/Reward= 1:1.25 | 1:3.25 | 1:4.87
Expected Profit= +11.27% | +29.35% | +43.96%
Possible Loss= -9.02%
Fib. Retracement= 0.618 | 1| 1.272
Margin Leverage= 1x
Current Price= 0.03327
Buy Entry= 0.03167 - 0.03061
Take Profit= 0.03465 | 0.04028 | 0.04483
Stop Loss= 0.02833
Risk/Reward= 1:1.25 | 1:3.25 | 1:4.87
Expected Profit= +11.27% | +29.35% | +43.96%
Possible Loss= -9.02%
Fib. Retracement= 0.618 | 1| 1.272
Margin Leverage= 1x
Trade active
First entry filledPaxGold dipped, let's see if it can go up again now, will mostly depend on Bitcoin next move.
Trade closed: target reached
TP1 reached with +11.27% and +1.25RThanks PaxGold for keeping it up when crypto market is retracing down 😊
Trade closed: target reached
TP3 reached with +43.96% (1x) and +4.87RThat's a wrap for Pax Gold, hedged nicely the crypto market correction, bringing up to +89%!
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