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$PAXG/BTC 4h (Binance Spot) Falling wedge breakout & retest

Long
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BINANCE:PAXGBTC   PAX Gold / Bitcoin
Paxos Gold broke-bullish and regained 50MA again, this time it could be for good, let's hedge some Bitcoin.

Current Price= 0.03836
Buy Entry= 0.03805 - 0.03701
Take Profit= 0.04130 | 0.04519 | 0.04834
Stop Loss= 0.03469

Risk/Reward= 1:1.33 | 1:2.7 | 1:3.81
Expected Profit= +10.05% | +20.41% | +28.80%
Possible Loss= -7.57%

Fib. Retracement= 0.5 | 0.786 | 1
Margin Leverage= 1x | 2x | 3x
Estimated Gain-time= 10 days
Trade attivo:
First entry filled

Paxos Gold dipped as planned, we may have our 2nd entry before the bounce though, let's stay patient!

Trade attivo:
Second entry filled

Paxos Gold retested 50MA as expected and is consolidating above it, looks ready for an impulse anytime now!


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