#BTCDOMUSDT #1D (Binance Futures) Ascending trendline breakdown for BINANCE:BTCDOMUSDT.P by TradingOn

#BTCDOMUSDT #1D (Binance Futures) Ascending trendline breakdown

Bitcoin Dominance is pulling back towards 50MA resistance on daily, seems likely to get rejected next.

⚡️⚡️ #BTCDOM/USDT ⚡️⚡️
Exchanges: Binance Futures
Signal Type: Regular (Short)
Leverage: Isolated (6.0X)
Amount: 6.0%

Current Price:
2374.2

Entry Targets:
1) 2411.5

Take-Profit Targets:
1) 2010.3

Stop Targets:
1) 2612.6

Published By: @Zblaba

#Bitcoin #Dominance #Index

Risk/Reward= 1:2.0
Expected Profit= +99.8%
Possible Loss= -50.0%

Trade active

Binance Futures
All entry targets achieved
Average Entry Price: 2411.5 💵

pulled back and wicked up above 50MA, letting us in.

Trade closed: stop reached

Binance Futures
Stop Target Hit ⛔️
Loss: 50.0352% 📉

BTCDOM was looking dumpy after that gravestone doji, but instead it regained 50MA support and pushed higher, stopping us out.

Note

#BTCDOMUSDT.P short looks better now, seems like it was a bad stop hunt and could end up playing out anyway.

Note

New short idea on lower TF (4h) now hit entry:

#BTCDOMUSDT #4h (Binance Futures) Ascending trendline breakdown

TradingOn

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