WAVES/USDT - Long from Breakout of Local High

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As BTC dominance (BTC.D) declines and Bitcoin continues to consolidate, the alts have seen some incredible gains!
If we close above the last local high at 1.2609, then I'm looking to long to resistance, plus I suspect we'll see a little over-performance.

If we do not close above the yellow diagonal trend line, then I would consider closing out this long early to lock profits!

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Entry: 1.2610
Entry Zone: 1.2117-1.3

T1: 1.325
T2: 1.3525
T3: 1.41
T4: 1.50
T5: 1.5323

Stop: 1.1930

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R:R: 3.99
Risk: 5.39
Reward: 21.51
Leverage: 4X
Leveraged Risk: 21.56%
Leveraged Reward: 86.04%


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Disclaimer:
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my trade ideas and are intended for educational purposes only.