$PAXG/USDT 3D (#Binance) Symmetrical triangle near breakout

7 feb 2022

⚡️⚡️ #PAXG/USDT ⚡️⚡️
Exchanges: FTX, KuCoin, Binance
Signal Type: Regular (Long)

Current Price:
1817

Entry Zone:
1816 - 1788

Take-Profit Targets:
1) 1902
2) 1996
3) 2082

Stop Targets:
1) 1722

Paxos Gold is trying to regain 100EMA support and could finally breakout after that.
This is a very low risk position and a slow mover pair, mostly to #Hedge, better enter big then have a lot of patience!

Risk/Reward= 1:1.25 | 1:2.42 | 1:3.5
Expected Profit= +5.55% | +10.77% | +15.54%
Possible Loss= 4.44%

Fib. Retracement= 0.618 | 0.883 | 1.117
Margin Leverage= 1x | 3x | 5x
Estimated Gain-time= 11 months

Tags: #PAXG #PAXGUSDT #PaxGold #Paxos #Gold #XAU #PreciousMetal #DeFi #BSC #BC #SolEco

Website: paxos.com/paxgold

Contracts:
#ERC20 0x45804880de22913dafe09f4980848ece6ecbaf78
#BEP20 0x7950865a9140cb519342433146ed5b40c6f210f7
#BEP2 PAXG-9B2
#SPL C6oFsE8nXRDThzrMEQ5SxaNFGKoyyfWDDVPw37JKvPTe

14 feb 2022

Trade chiuso: obiettivo raggiunto

TP1 reached with +5.55% and +1.25R

Paxos Gold broke-out as planned, bringing up to +27.75% using 5x leverage, higher targets are in play!

2 mar 2022

Trade chiuso: obiettivo raggiunto

TP2 was reached with +10.77% and +2.42R

Paxos Gold pumped big time during crypto market "crash" and hedged our Port-Folio (PF) nicely!
Last target was missed by almost nothing (6$) on Binance, but was hit on KuCoin.
We are still holding the remaining position and expect some more ranging before the next move up.