$EGLD/USDT 2D (Binance Futures) Ascending trendline on support
Elrond eGold bounced on 100EMA and seems ready to resume the uptrend, let's place bids inside the demand zone.
Current Price= 242.18
Buy Entry= 241.42 - 212.34
Take Profit= 335.36 | 485.60 | 707.59
Stop Loss= 172.51
Risk/Reward= 1:2 | 1:4.76 | 1:8.84
Expected Profit= +47.81% | +114.03% | +211.88%
Possible Loss= -23.96%
Fib. Retracement= 0.5 | 0.883 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 4.5 months
Websites: elrond.com maiar.exchange
Current Price= 242.18
Buy Entry= 241.42 - 212.34
Take Profit= 335.36 | 485.60 | 707.59
Stop Loss= 172.51
Risk/Reward= 1:2 | 1:4.76 | 1:8.84
Expected Profit= +47.81% | +114.03% | +211.88%
Possible Loss= -23.96%
Fib. Retracement= 0.5 | 0.883 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 4.5 months
Websites: elrond.com maiar.exchange
Trade closed: target reached
TP1 reached with +40.73% (1x) and +2RElrond eGold resumed bullish as expected and is killing it, helped buy high demand for RRIDE launch on MaiarExchange
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.