$EGLD/USDT 1D (#Bybit) inverted Head & Shoulders breakout
MultiversX (f.k.a. Elrond eGold) is pulling back to iHnS neckline / 100EMA support, looks good for a bounce back and a bullish continuation.
⚡️⚡️ #EGLD/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (3.0X)
Amount: 5.0%
Current Price:
45.95
Entry Zone:
45.95 - 43.39
Take-Profit Targets:
1) 51.75
2) 57.08
3) 62.41
Stop Targets:
1) 38.75
Published By: @TradingOn
$EGLD #EGLDUSDT #MultiversX #Elrond #eGold
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +47.3% | +83.1% | +119.1%
Possible Loss= -39.7%
Estimated Gaintime= 2-3 months
⚡️⚡️ #EGLD/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (3.0X)
Amount: 5.0%
Current Price:
45.95
Entry Zone:
45.95 - 43.39
Take-Profit Targets:
1) 51.75
2) 57.08
3) 62.41
Stop Targets:
1) 38.75
Published By: @TradingOn
$EGLD #EGLDUSDT #MultiversX #Elrond #eGold
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +47.3% | +83.1% | +119.1%
Possible Loss= -39.7%
Estimated Gaintime= 2-3 months
Trade active:
All entries filled
MultiversX did not bounce where we expected (yet) but so far have found support on MA100.
MultiversX did not bounce where we expected (yet) but so far have found support on MA100.
Trade closed: stop reached:
🛑SL hit with -39.7% (3x) and -1R
MultiversX lost 100MA and fell lower, stopping us out. Then bounced on Fib 0.786 printing a reversal candle!
MultiversX lost 100MA and fell lower, stopping us out. Then bounced on Fib 0.786 printing a reversal candle!
MultiversX finally bounced and seems to be ready for previous targets, congrats if you held or bought the dip.