$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 active:
Both entries filled
BitcoinDominance retested the local top and the wedge and seems to be rejected again, good for Altcoins!
BitcoinDominance retested the local top and the wedge and seems to be rejected again, good for Altcoins!
Trade closed: stop reached:
SL hit with -15.12% and -1R
BitcoinDominance broke-out bullish after all, looks like a last leg up is due before retracing down.
BitcoinDominance broke-out bullish after all, looks like a last leg up is due before retracing down.
Trade closed: target reached:
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.
Too bad we got Stop hunted on that first set-up, I hope you re-entered manually as well.
