$BTCDOM/USDT 8h (Binance Futures) Rising wedge break and retest
BitcoinDominance is creating a possible double top here, let's catch it on the pull-back.
Current Price= 1151.3
Sell Entry= 1153.9 - 1168.7
Take Profit= 1126.2 | 1097.0 | 1049.0
Stop Loss= 1190.6
Risk/Reward= 1:1.2 | 1:2.19 | 1:3.83
Expected Profit= +18.12% | +33.24% | +58.02%
Possible Loss= -15.12%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 6x
Estimated Gain-time= 3 weeks
Current Price= 1151.3
Sell Entry= 1153.9 - 1168.7
Take Profit= 1126.2 | 1097.0 | 1049.0
Stop Loss= 1190.6
Risk/Reward= 1:1.2 | 1:2.19 | 1:3.83
Expected Profit= +18.12% | +33.24% | +58.02%
Possible Loss= -15.12%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 6x
Estimated Gain-time= 3 weeks
Trade aktif
Both entries filledBitcoinDominance retested the local top and the wedge and seems to be rejected again, good for Altcoins!
Trading ditutup: stop tercapai
SL hit with -15.12% and -1RBitcoinDominance broke-out bullish after all, looks like a last leg up is due before retracing down.
Trading ditutup: target tercapai
TP2 would have been reached with +33.24% (6x)Too bad we got Stop hunted on that first set-up, I hope you re-entered manually as well.
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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.