$EGLD/USDT 12h (Binance Futures) Ascending trendline on support
Another valuable lesson from Elrond eGold: always stick to the plan!
Current Price= 124.511
Buy Entry= 110.013 - 97.005
Take Profit= 159.521 | 219.800 | 311.178
Stop Loss= 75.154
Risk/Reward= 1:1.98 | 1:4.1 | 1:7.32
Expected Profit= +54.11% | +112.35% | +200.63%
Possible Loss= -27.39%
Fib. Retracement= 0.618 | 1 | 1.414
Margin Leverage= 1x
Estimated Gain-time= 1440h
Current Price= 124.511
Buy Entry= 110.013 - 97.005
Take Profit= 159.521 | 219.800 | 311.178
Stop Loss= 75.154
Risk/Reward= 1:1.98 | 1:4.1 | 1:7.32
Expected Profit= +54.11% | +112.35% | +200.63%
Possible Loss= -27.39%
Fib. Retracement= 0.618 | 1 | 1.414
Margin Leverage= 1x
Estimated Gain-time= 1440h
Trade closed: target reached
TP1 reached with +54.11% (1x) and 1.98RElrond finally went for the first target and looks like it could keep going!
Trade closed: target reached
TP2 reached with +112.35% (1x) and +4.1RElrond took more time than expected but went for a new ATH anyway after retesting 100EMA.
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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.