Description
⋅ 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
Trade active
⋅ Both entries filled
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.
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.