TradingOn

$BTCDOM/USDT 4h (Binance Futures) Rising wedge breakdown

Short
TradingOn Updated   
BINANCE:BTCDOMUSDT.P   BTCDOM / TetherUS PERPETUAL CONTRACT
Bitcoin Dominance just broke bearish locally and seems to be giving more space for big Altcoins to grow.

Current Price= 1107.2
Sell Entry = 1108.5 - 1121.3
Take Profit= 1067.7 | 1044.4 | 1012.0
Stop Loss= 1151.3

Risk/Reward= 1:1.3 | 1:1.94 | 1:2.83
Expected Profit= +21.15% | +31.60% | +46.15%
Possible Loss= -16.30%

Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 5x
Estimated Gain-time= 10 days
Trade active:
Both entries filled

Bitcoin Dominance confirmed the breakdown, things are looking brighter!


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