PAXG/BTC 12h (Binance Spot) Descending channel on support
#PaxGold is a digital asset where one token is backed by one fine troy ounce of gold bar.
Right now price is holding on parallel channel support, I believe it's a great opportunity to hedge some Bitcoin after such bull run!
Current Price= 0.14543
Buy Entry= 0.14300 - 0.14628
Take Profit= 0.15235 | 0.16302 | 0.16798
Stop Loss= 0.13693
Risk/Reward= 1:1 | 1:2.38 | 1:3.03
Expected Profit= +5.33% | +12.71% | +16.14%
Possible Loss= -5.33%
Fib. Retracement= 0.236 | 0.5 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 720h
PS: Fibonacci 0.786 at 0.17576 BTC with R/R= 1:4 would be an even better last target if you're up to it...
Right now price is holding on parallel channel support, I believe it's a great opportunity to hedge some Bitcoin after such bull run!
Current Price= 0.14543
Buy Entry= 0.14300 - 0.14628
Take Profit= 0.15235 | 0.16302 | 0.16798
Stop Loss= 0.13693
Risk/Reward= 1:1 | 1:2.38 | 1:3.03
Expected Profit= +5.33% | +12.71% | +16.14%
Possible Loss= -5.33%
Fib. Retracement= 0.236 | 0.5 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 720h
PS: Fibonacci 0.786 at 0.17576 BTC with R/R= 1:4 would be an even better last target if you're up to it...
