$EGLD/USDT 1h (Binance Futures) Rising wedge breakdown
Elrond eGold is showing some reversal sign and could retrace further, let's give it a try.
Current Price= 13.363
Buy Entry= 13.346 - 13.666
Take Profit= 12.825 | 12.466 | 11.970
Stop Loss= 14.075
Risk/Reward= 1:1.2 | 1:1.83 | 1:2.7
Expected Profit= +10.08% | +14.40% | +22.74%
Possible Loss= -8.42%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 2x
Estimated Gain-time= 120h
Current Price= 13.363
Buy Entry= 13.346 - 13.666
Take Profit= 12.825 | 12.466 | 11.970
Stop Loss= 14.075
Risk/Reward= 1:1.2 | 1:1.83 | 1:2.7
Expected Profit= +10.08% | +14.40% | +22.74%
Possible Loss= -8.42%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 2x
Estimated Gain-time= 120h
Trade active:
First entry filled and dropped
Going as planned so far, let's see if it can break down 100EMA and reach some target!
Going as planned so far, let's see if it can break down 100EMA and reach some target!
Trade closed: target reached:
TP2 with +14.06% (2x)
Dropped nicely as planned, grabbed some good profit and now SL is in gain.
We may see a last leg down to 200MA, our third target would be reached in that case.
Dropped nicely as planned, grabbed some good profit and now SL is in gain.
We may see a last leg down to 200MA, our third target would be reached in that case.
