$PAXG/BTC 4h (#BinanceSpot) Descending trendline break & retest
Updated
Paxos Gold broke-out and is pulling back to 200MA and the TL, we expect a bounce again.
If you know how to Margin trade, you can use up to 2x for that set-up
Current Price= 0.04836
Buy Entry= 0.04745 - 0.04605
Take Profit= 0.05146 | 0.05484 | 0.05897
Stop Loss= 0.04297
Risk/Reward= 1:1.25 | 1:2.14 | 1:3.23
Expected Profit= +10.07% | +17.30% | +26.14%
Possible Loss= -8.09%
Fib. Retracement= 0.441 | 0.702 | 1
Margin Leverage= 1x | 2x
Estimated Gain-time= 3 weeks
Tags: #PAXG #PAXGBTC #PaxGold #Paxos #Gold #XAU #PreciousMetal #Hedge #DeFi #BSC #BC #SolEco
Website: paxos.com/paxgold
Contracts:
#ERC20 0x45804880de22913dafe09f4980848ece6ecbaf78
#BEP20 0x7950865a9140cb519342433146ed5b40c6f210f7
#BEP2 PAXG-9B2
#SPL C6oFsE8nXRDThzrMEQ5SxaNFGKoyyfWDDVPw37JKvPTe
If you know how to Margin trade, you can use up to 2x for that set-up
Current Price= 0.04836
Buy Entry= 0.04745 - 0.04605
Take Profit= 0.05146 | 0.05484 | 0.05897
Stop Loss= 0.04297
Risk/Reward= 1:1.25 | 1:2.14 | 1:3.23
Expected Profit= +10.07% | +17.30% | +26.14%
Possible Loss= -8.09%
Fib. Retracement= 0.441 | 0.702 | 1
Margin Leverage= 1x | 2x
Estimated Gain-time= 3 weeks
Tags: #PAXG #PAXGBTC #PaxGold #Paxos #Gold #XAU #PreciousMetal #Hedge #DeFi #BSC #BC #SolEco
Website: paxos.com/paxgold
Contracts:
#ERC20 0x45804880de22913dafe09f4980848ece6ecbaf78
#BEP20 0x7950865a9140cb519342433146ed5b40c6f210f7
#BEP2 PAXG-9B2
#SPL C6oFsE8nXRDThzrMEQ5SxaNFGKoyyfWDDVPw37JKvPTe
Note
TP1 would have been reached with +7.72%Paxos Gold instantly bounced, unfortunately entry was missed by 0.00045, that was so close!
We may be filled on a pull-back later so we'll keep that set-up active until then.
Related publications
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.