$BTCDOM/USDT 4h (Binance Futures) Rising wedge under resistance
Updated
Bitcoin Dominance is forming a bearish pattern and could reverse again on those Trend-Lines!
Current Price= 976.1
Sell Entry = 976.0 - 987.8
Take Profit= 948.0 | 921.6 | 903.3
Stop Loss= 1004.5
Risk/Reward= 1:1.5 | 1:2.67 | 1:3.48
Expected Profit= +24.15% | +42.98% | +56.00%
Possible Loss= -16.10%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 7x
Estimated Gain-time= 2 weeks
Current Price= 976.1
Sell Entry = 976.0 - 987.8
Take Profit= 948.0 | 921.6 | 903.3
Stop Loss= 1004.5
Risk/Reward= 1:1.5 | 1:2.67 | 1:3.48
Expected Profit= +24.15% | +42.98% | +56.00%
Possible Loss= -16.10%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 7x
Estimated Gain-time= 2 weeks
Trade closed: target reached
TP1 reached with +24.15% (7x) and +1.5RBitcoin Dominance is retracing down as planned, SL updated to highest entry (987.8$).
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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