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Aug 6, 2021 4:22 PM

$BTCDOM/USDT 2h (Binance Futures) Ascending triangle breakout Long

BTCDOM / TetherUS PERPETUAL CONTRACTBinance

Description

Bitcoin Dominance just broke-out bullish and is likely to continue short-term after 50MA retest.

Current Price= 1080.1
Buy Entry = 1080.4 - 1072.5
Take Profit= 1104.2 | 1125.6 | 1156.7
Stop Loss= 1052.3

Risk/Reward= 1:1.15 | 1:2.04 | 1:3.33
Expected Profit= +20.64% | +36.56% | +59.68%
Possible Loss= -17.92%

Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 8x
Estimated Gain-time= 5 days

Trade closed: stop reached

SL hit with -17.92% (8x) and -1R

Bitcoin Dominance faked-out after all, too bad for that trade, good for Altcoins in general.

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