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PAX Gold / Bitcoin

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PAXGBTC trade ideas

PAXG/BTC 4h (Binance Spot) Descending channel on support, againI know, I'm trying hard with #PaxGold but I've got that feeling it will be worth it. XAU (true #Gold) is very bullish, not as much as BTC but still, take that as a hedge position if crypto market dips! Current Price= 0.12701 Buy Entry= 0.12535 - 0.12161 Take Profit= 0.13208 | 0.13858 | 0.14987 Stop Loss= 0.11488 Risk/Reward= 1:1.2 | 1:1.76 | 1:3.07 Expected Profit= +6.96% | +12.23% | +21.37% Possible Loss= -6.96% Fib. Retracement= 0.236 | 0.382 | 0.618 Margin Leverage= 1x Estimated Gain-time= 360h
Long
by TradingOn
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...
Long
by TradingOn