$PAXG/USDT 1D (#Bybit) Rising wedge breakdown and retest

Paxos Gold just printed a double top + bearish engulfing, looks ready for a leg down towards 50MA support.

⚡️⚡️ #PAXG/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (12.0X)
Amount: 8.6%

Current Price:
2010

Entry Targets:
1) 2023

Take-Profit Targets:
1) 1945

Stop Targets:
1) 2062

Published By: @TradingOn

PAXG #PAXGUSDT #Paxos #Gold #PaxGold #XAU #PreciousMetal paxos.com/paxgold

Risk/Reward= 1:2
Expected Profit= +46.3%
Possible Loss= -23.1%
Estimated Gaintime= 3-4 weeks

Trade active:

Entry filled

Trade closed: target reached:

PAXG ended hitting our target with +2R after almost stopping us out, printing 2 evening stars in a row!