$BTCDOM/USDT 4h (Binance Futures) Descending trendline breakout
Updated
Bitcoin Dominance looks bullish here, expecting a dip retesting the 50MA first.
Current Price= 1030.8
Buy Entry = 1019.6 - 1004.8
Take Profit= 1059.5 | 1081.2 | 1113.1
Stop Loss= 971.3
Risk/Reward= 1:1.16 | 1:1.69 | 1:2.47
Expected Profit= +18.68 | +27.28% | +39.88%
Possible Loss= -16.16%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 4x
Estimated Gain-time= 10 days
Current Price= 1030.8
Buy Entry = 1019.6 - 1004.8
Take Profit= 1059.5 | 1081.2 | 1113.1
Stop Loss= 971.3
Risk/Reward= 1:1.16 | 1:1.69 | 1:2.47
Expected Profit= +18.68 | +27.28% | +39.88%
Possible Loss= -16.16%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 4x
Estimated Gain-time= 10 days
Trade closed: target reached
TP1 reached with +18.68% (4x) and +1.16RBitcoin Dominance moving as planned again, such a powerful tool to be able to trade that index.
Trade closed: target reached
TP3 reached with +39.88% (4x) and +2.47RBitcoinDominance respected the plan perfectly then got rejected on the exact same supply zone where we first shorted it! 🙈
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