$EGLD/USDT 12h (#Bybit) Symmetrical triangle breakdown & retest

Elrond eGold is pulling back up towards 100EMA resistance where it's likely to be rejected.

⚡️⚡️ #EGLD/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (2.0X)
Amount: 8.4%

Current Price:
57.10

Entry Zone:
57.10 - 60.30

Take-Profit Targets:
1) 50.30
2) 44.00
3) 37.70

Stop Targets:
1) 65.70

Published By: @TradingOn

Risk/Reward= 1:1.2 | 1:2.1 | 1:3
Expected Profit= +28.62% | +50.09% | +71.55%
Possible Loss= -23.85%

Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 2x
Estimated Gain-time= 1-2 months

Tags: #EGLD #EGLDUSDT #Elrond #eGold #IoT #SC #PoS #Blockchain #DApp #DeFi #BSC #Launchpad #Maiar #DEx

Websites: elrond.com maiar.exchange

Comment:

200EMA* (or 100EMA on daily Time-Frame)

Trade active:

1st entry filled

Elrond eGold got rejected on supply zone and broke-down locally as planned so far.
TP1 was almos thit, missed by 0.15$ that was close, we may reach it later if we remain patient enough!

Trade closed: target reached:

TP1 reached with +28.62% (2x) and +1.2R

Elronde Gold finally reversed after a last liquidity grab above 200EMA, SL held pretty nicely!
RSI oversold now, time to Take Profit and adjust Stop Loss at highest entry to protect the trade.

#EGLD #EGLDUSDT #Elrond #eGold #IoT

Trade closed: target reached:

TP2 reached with +50.10% (2x) and +2.1R

Elrond eGold continued with the local downtrend, SL edited to lowest entry now.

#EGLD #EGLDUSDT #Elrond #eGold #IoT