$PAXG/BTC 4h (Binance Spot) Falling wedge near breakout
Updated
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 filledPaxos Gold dipped and bounced on 50MA as planned so far, nice start!
Trade closed: stop reached
SL hit with -5.05% (1x) and -1RAfter 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.
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