LINA / TetherUSLong
LINA/USDT long
Fundamentals:
Buy when the market is red, sell when the market is green
You have probably heard heard the rumblings of a "DeFi summer" on the horizon and if the current ETH/BTC bleed holds at this support its worth getting in early on some DeFi goodness. I love bidding on undervalued/underknown projects in current hype areas and LINA fits the bill perfectly. A recently launched stable coin farm is the perfect project launch in this environment of fear around the price of BTC where market participants are looking for safe income streams in uncertain times. LINA is heavily undervalued compared to its peers and has a finished project launched which are all great signs for discovery and a subsequent green chadding.
Technicals:
Although there have been lower lows (which some may say is a bullish falling wedge) I'm happy to see a relatively flat bottom and dropping volume which is a good sign for a far below fair price entry. Dropping price with low volume is bullish in the sense that there is no real big sell off and just accumulation. Either way, when combined with the fundamentals, its going to be explosive moonride when volume enters the picture.
Entry - 0.06 - 0.075
TP - 0.132 , 0.2
SL - 0.05
R - 7
Buy when the market is red, sell when the market is green
You have probably heard heard the rumblings of a "DeFi summer" on the horizon and if the current ETH/BTC bleed holds at this support its worth getting in early on some DeFi goodness. I love bidding on undervalued/underknown projects in current hype areas and LINA fits the bill perfectly. A recently launched stable coin farm is the perfect project launch in this environment of fear around the price of BTC where market participants are looking for safe income streams in uncertain times. LINA is heavily undervalued compared to its peers and has a finished project launched which are all great signs for discovery and a subsequent green chadding.
Technicals:
Although there have been lower lows (which some may say is a bullish falling wedge) I'm happy to see a relatively flat bottom and dropping volume which is a good sign for a far below fair price entry. Dropping price with low volume is bullish in the sense that there is no real big sell off and just accumulation. Either way, when combined with the fundamentals, its going to be explosive moonride when volume enters the picture.
Entry - 0.06 - 0.075
TP - 0.132 , 0.2
SL - 0.05
R - 7
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.