Currently looking at a bullish crossover on the 1H MACD forming that is too tempting to ignore. RSI is beginning to move out of oversold and I saw a few large accumulations on LINK/BTC this morning. So why not take a very small risk trade, our risk factor is a small 2% loss for the potential of hitting 10%+ in just a single day. I think we can atleast hit one target today if LINK takes off. Setting the targets to the fibonnaci retracement levels from the previous run up. Good luck fellow traders!
Entry: 63,500 - 64,000 sats
Stop Loss: 62,500 sats
Targets: 64,750 - 66,200 - 67,500 - 69,300 sats
Entry: 63,500 - 64,000 sats
Stop Loss: 62,500 sats
Targets: 64,750 - 66,200 - 67,500 - 69,300 sats
Note
Hit our first two target so I will be taking profit on 50% of my LINK. That is about 7% we made today, great gains!Trade closed: target reached
We blew through our final target and achieved 71,600 sats for a nice total of 12% profit. Exiting here.
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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.