PAXG/USDT 12h (Binance Spot) Descending triangle breakout

6 Kas 2020

Last call was stopped for the satoshi pair, BTC was too bullish for it to follow.
So if you prefer to trade #PaxGold with dollars, well there goes the set-up.
It's not available on Futures (at least not yet) so no signal with PC bot, only manual trading!
The idea is to enter on 100EMA retest where I think many are waiting to buy.

Current Price= 1958.00
Buy Entry= 1941.04 - 1920.84
Take Profit= 2099.93
Stop Loss= 1889.27

Risk/Reward= 1:4
Expected Profit= +8.72%
Possible Loss= -2.18%

Fib. Retracement= 1.272
Margin Leverage= 1x
Estimated Gain-time= 720h

9 Kas 2020

İşlem aktif

All entries filled

Price dipped as expected, time to load more and wait for the next move!

9 Kas 2020

Not

Went for full retest of the triangle after all

If you got stopped on #PaxGold, I recommend you to enter back manually.
I adjusted SL down to 1856.55 that would invalidated the bullish scenario I guess, but very unlikely!