$PAXG/BTC 2D (#Binance) Ascending wedge on support

Paxos Gold suddenly pulled back to 100EMA and RSI looks oversold, a bounce seems likely.
This is obviously due to Bitcoin recent recovery, let's hedge our Satoshi bag here!

⚡️⚡️ #PAXG/BTC ⚡️⚡️
Exchanges: KuCoin, Binance
Signal Type: Regular (Long)
Amount: 12.4%

Current Price:
0.08973

Entry Targets:
1) 0.08915

Take-Profit Targets:
1) 0.09987

Stop Targets:
1) 0.08198

Published By: @TradingOn

Risk/Reward= 1:1.5
Expected Profit= +12.0%
Possible Loss= -8.0%

Dagangan ditutup: hentian tercapai:

SL was hit with -1.0R

Paxos Gold did not bounce where expected and continued with the retracement down against Bitcoin.
Now sitting on ascending trendline, which is also 50MA weekly support, a move back to 100EMA seems likely.