$PAXG/BTC 4h (Binance Spot) Falling wedge near breakout
Paxos Gold broke-out of the descending TL and regained 50MA support, breaking the wedge would send it higher.
This is a hedge against crypto, if you know how to Margin trade, you could use up to 3x for that set-up!
Current Price= 0.03874
Buy Entry= 0.03880 - 0.03802
Take Profit= 0.04099 | 0.04229 | 0.04399
Stop Loss= 0.03647
Risk/Reward= 1:1.33 | 1:2 | 1:2.88
Expected Profit= +6.72% | +10.10% | +14.53%
Possible Loss= -5.05%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 10 days
This is a hedge against crypto, if you know how to Margin trade, you could use up to 3x for that set-up!
Current Price= 0.03874
Buy Entry= 0.03880 - 0.03802
Take Profit= 0.04099 | 0.04229 | 0.04399
Stop Loss= 0.03647
Risk/Reward= 1:1.33 | 1:2 | 1:2.88
Expected Profit= +6.72% | +10.10% | +14.53%
Possible Loss= -5.05%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 10 days
Trade active:
All entries filled
Paxos Gold dipped and bounced on 50MA as planned so far, nice start!
Paxos Gold dipped and bounced on 50MA as planned so far, nice start!
Trade closed: stop reached:
SL hit with -5.05% (1x) and -1R
After going up to +5.60% profit almost reaching TP1, Paxos Gold reversed and lost 50MA support, down to -15.15% loss if you were using 3x.
After going up to +5.60% profit almost reaching TP1, Paxos Gold reversed and lost 50MA support, down to -15.15% loss if you were using 3x.
