$BTCDOM
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BTC Dominance is showing clear signs of exhaustion near a key resistance zone, with price failing to hold above the upper range and momentum indicators hinting at a potential rollover. Market structure suggests lower highs forming, signaling growing strength in altcoins if this breakdown confirms.
Bias: Bearish
Position: Short
Short Entry Zone:
• Near the upper resistance / rejection zone
Targets (TP):
• TP1: Previous intraday support
• TP2: Range mid-support
• TP3: Major demand zone / range low
Stop Loss (SL):
• Above the recent swing high / resistance breakout level
This setup favors a trend continuation to the downside as long as price remains below resistance and bearish structure holds.
Risk Management:
Use proper position sizing, risk only a small percentage per trade, and trail stop once TP1 is secured to protect capital.
#TechnicalAnalysis #BTCDOM #MarketStructure #SupportResistance #CryptoTradingb