$EGLD/USDT 2D (Binance Futures) Ascending trendline on support

Elrond eGold bounced on 100EMA and seems ready to resume the uptrend, let's place bids inside the demand zone.

Current Price= 242.18
Buy Entry= 241.42 - 212.34
Take Profit= 335.36 | 485.60 | 707.59
Stop Loss= 172.51

Risk/Reward= 1:2 | 1:4.76 | 1:8.84
Expected Profit= +47.81% | +114.03% | +211.88%
Possible Loss= -23.96%

Fib. Retracement= 0.5 | 0.883 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 4.5 months

Websites: elrond.com maiar.exchange

Trade closed: target reached:

TP1 reached with +40.73% (1x) and +2R

Elrond eGold resumed bullish as expected and is killing it, helped buy high demand for $RIDE launch on MaiarExchange