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That's a solid hit and Moldred is now down 14 points.
I sheath the sword and equip my bow.
Action 3: Shoot at Moldred from close range (15 to hit, 7 damage) @rolld20

Shake shake shake, you roll the 20-sided die.

You rolled a 4.

The arrow punctures Moldred and takes him down to 3 life.