bizmark

LINK🔗 triangle breakout

LĂ„ng
bizmark Uppdaterad   
BINANCE:LINKUSDT   ChainLink / TetherUS
It's has been long time since I posted last Chainlink idea... 👇

But now here comes another one >> LINK🔗 is holding well even in this weak market recently. Price seems to be ready to break up this triangle📐 and If succesful I think there is chance for run to 30.9 and even higher. I'm already in, but one can set the BUY LIMIT order to catch the possible pullback. As usually we need BTC to stay stable (or even go up) to not spoil the party. Going with lower size as markets are shaky.
  • ENTRY: local high @ 26.37
  • STOPLOSS (TP): local low @ 25.08
  • TARGET (TP): height of the triangle projected from midpoint of the local range (BUY LIMIT - SL) @ 30.9
  • REWARD RISK RATIO (RRR): 3.5
  • INVALIDATION: when SL level hit

Check my other stuff in related ideas.

Please like👍, commentđŸ—Łïž, follow me✒, enjoyđŸ“ș!

⚠Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Kommentera:
My trade being still in the game as I always set my SL slightly below the local low for longs (above the local high for shorts), not exactly at the low (high). My Stoploss @ 25.02 has been missed by a hair, let's see what's next.
Trade stÀngt: Stopp nÄtt:
SL hit 🛑

FrÄnsÀgelse av ansvar

Informationen och publikationerna Àr inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av rÄd eller rekommendationer som tillhandahÄlls eller stöds av TradingView. LÀs mer i AnvÀndarvillkoren.