EGLD/USDT 8h (Binance Futures) Descending channel breakout

Elrond eGold is surely looking juicy here, preparing for a big move up I believe.
As long as 50MA is holding and supporting the price we are good to go up!
I am already quite exposed long with the bot so I won't create the signal for now, but you can trade it manually if you want!

Current Price= 8.235
Buy Entry= 8.239 - 7.851
Take Profit= 10.96
Stop Loss= 7.074

Risk/Reward= 1:3
Expected Profit= +36.23%
Possible Loss= -12.07%

Fib. Retracement= 0.681
Margin Leverage= 1x
Estimated Gain-time= 480h