$EGLD/USDT 1h (Binance Futures) Rising wedge breakdown
Updated
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!
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.
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