$BTCDOM/USDT 4h (Binance Futures) Rising wedge under resistance
Bitcoin Dominance is forming a bearish pattern and could reverse again on those Trend-Lines!
Current Price= 976.1
Sell Entry = 976.0 - 987.8
Take Profit= 948.0 | 921.6 | 903.3
Stop Loss= 1004.5
Risk/Reward= 1:1.5 | 1:2.67 | 1:3.48
Expected Profit= +24.15% | +42.98% | +56.00%
Possible Loss= -16.10%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 7x
Estimated Gain-time= 2 weeks
Current Price= 976.1
Sell Entry = 976.0 - 987.8
Take Profit= 948.0 | 921.6 | 903.3
Stop Loss= 1004.5
Risk/Reward= 1:1.5 | 1:2.67 | 1:3.48
Expected Profit= +24.15% | +42.98% | +56.00%
Possible Loss= -16.10%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 7x
Estimated Gain-time= 2 weeks
Trade closed: target reached
TP1 reached with +24.15% (7x) and +1.5RBitcoin Dominance is retracing down as planned, SL updated to highest entry (987.8$).
Trade closed manually
Remaining position closed with -4.20% (7x) and -0.26RBitcoin Dominance bounced back up, original SL held but PC bot stopped us in small loss, we are out for now.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.