$BTCDOM/USDT 2D (#BinanceFutures) Ascending trendline retest

BTCDOM / TetherUS PERPETUAL FUTURES BINANCE:BTCDOMUSDTPERP

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Bitcoin Dominance Index has been rejected with a Hanging man pattern and could resume the downtrend.

Current Price= 1275.5
Sell Entry= 1275.0 – 1305.0
Take Profit= 1196.9 | 1129.7 | 1063.1
Stop Loss= 1364.5

Risk/Reward= 1:1.25 | 1:2.15 | 1:3.05
Expected Profit= +21.66% | +37.29% | +52.77%
Possible Loss= -17.34%

Fib. Retracement= 0.382 | 0.559 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 3-4 months

Tags: #BTCDOM #BTCDOMUSDT #BTCD #BitcoinDominance #Index #Futures #Derivatives #Dominance

https://www.binance.com/en/futures/funding-history/3?contract=BTCDOMUSDT

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