#EGLD/USDT 1W (Binance Futures) Descending wedge break & retest

MultiversX (f.k.a. Elrond eGold) printed a morning star and looks ready for a sharp recovery towards 100EMA.

⚡️⚡️ #EGLD/USDT ⚡️⚡️
Exchanges: Binance Futures
Signal Type: Regular (Long)
Leverage: Isolated (1.0X)
Amount: 9.3%

Current Price:
34.15

Entry Targets:
1) 33.64

Take-Profit Targets:
1) 60.72

Stop Targets:
1) 22.79

Published By: @TradingOn

TSXV:EGLD #EGLDUSDT #MultiversX #Elrond #eGold

Risk/Reward= 1:2.5
Expected Profit= +80.5%
Possible Loss= -32.3%

Trade active:

Binance Futures
#EGLD/USDT All entry targets achieved
Average Entry Price: 33.64 💵

Trade closed: stop reached:

Binance Futures
#EGLD/USDT Stoploss ⛔️
Loss: 32.2533% 📉

EGLDUSDT.P never managed to recover and went for a LL, invalidating the morning star.