$PAXG/BTC 3D (#BinanceMargin) Ascending channel on resistance

已更新
PaxosGold just printed an Evening star on Higher TF, which is a strong bearish reversal pattern.
A retracement really seems due, let's try again to swing without leverage this time!

Current Price= 0.08750
Sell Entry = 0.08967 - 0.09821
Take Profit= 0.0712 | 0.05744 | 0.04175
Stop Loss= 0.11136

Risk/Reward= 1:1.2 | 1:2.1 | 1:3
Expected Profit= +22.16% | +38.85% | +55.56%
Possible Loss= -18.54%

Fib. Retracement=0.382 | 0.618 | 1
Margin Leverage= 1x
Estimated Gain-time= 5-6 months

Website: paxos.com/paxgold
交易進行
2/3 entries filled

PaxosGold is pushing higher and seems to be rejected on upper-line again, scenario is in play.

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交易結束:目標達成
TP1 reached with +22.16% and +1.2R

Paxos Gold reversed against Bitcoin as planned and nicely went for first target, let's hope it continues following the arrow!

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註釋
Back to supply zone

PaxosGold bounced on 50MA and went retesting the resistance, bearish scenario remains intact though.

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PAXGTrend Analysis

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