#AGIX/USDT 12h (ByBit) Rising wedge breakdown and retest

SingularityNET clearly lost 50MA support and seems likely to retrace down towards 200MA.

⚡️⚡️ #AGIX/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (3.5X)
Amount: 5.0%

Current Price:
0.29810

Entry Targets:
1) 0.31245

Take-Profit Targets:
1) 0.24120

Stop Targets:
1) 0.34815

Published By: @TradingOn

$AGIX AGIXUSDT.P #SingularityNet singularitynet.io

Risk/Reward= 1:2.0
Expected Profit= +79.8%
Possible Loss= -40.0%
Estimated Gaintime= 1-3 weeks

Trade active:

ByBit USDT
AGIXUSDT.P All entry targets achieved
Average Entry Price: 0.31245 💵

$AGIX seems to have regained 50MA but is retesting the wedge, scenario remains in play.

Trade closed: stop reached:

ByBit USDT
#AGIX/USDT Stoploss ⛔️
Loss: 39.9904% 📉

$AGIX stopped us out printing a new local high, right before the sell-off we were expecting.