#EGLD/USDT 12h (ByBit) Rising wedge breakdown

MultiversX just lost 50MA support and seems likely to continue with the local retracement down.

⚡️⚡️ #EGLD/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (5.5X)
Amount: 5.0%

Current Price:
34.15

Entry Targets:
1) 35.35

Take-Profit Targets:
1) 30.25

Stop Targets:
1) 37.90

Published By: @TradingOn

EGLD #EGLDUSDT #MultiversX #Elrond #eGold

Risk/Reward= 1:2
Expected Profit= +79.3%
Possible Loss= -39.7%
Estimated Gaintime= 2-3 weeks

multiversx.com/

Order cancelled:

ByBit USDT
#EGLD/USDT Cancelled ❌
Target achieved before entering the entry zone

EGLD went straight to TP, unfortunately entry was never filled, great bias anyway!