* DON'T BE AN IDiOT AND THiNK FOR YOURSELF!
* THiS iS NOT A FiNANCiAL ADVICE!
TRADE:: LINK_02_09022021
STATUS:: Placed
TYPE:: Long
PATTERN:: Consolidation
SIGNAL:: 4H MFI
FILTER:: 1H OBV + Price Action
VOLUME:: $7000
ENTRY:: 26.811
TP1:: 32
TP2:: 40
TP3:: 45
TP4:: 54
SL:: 26.22
R/R:: 32
RISK:: $150
REWARD:: $3000-$5000
PROS::
1. Strong 4H MFI Signal
2. Bull trend - higher highs, higher lows
3. Clear resistance
CONS::
1. 4H and 1H OBVs are red
OVERALL::
* My the most favorite breakout trade with a very tight stop-loss
* It's now or never for LINK on my opinion. Everything is here to reach higher price levels.
* We MUST go significantly higher $25 level to confirm the transition to another phase
* THiS iS NOT A FiNANCiAL ADVICE!
TRADE:: LINK_02_09022021
STATUS:: Placed
TYPE:: Long
PATTERN:: Consolidation
SIGNAL:: 4H MFI
FILTER:: 1H OBV + Price Action
VOLUME:: $7000
ENTRY:: 26.811
TP1:: 32
TP2:: 40
TP3:: 45
TP4:: 54
SL:: 26.22
R/R:: 32
RISK:: $150
REWARD:: $3000-$5000
PROS::
1. Strong 4H MFI Signal
2. Bull trend - higher highs, higher lows
3. Clear resistance
CONS::
1. 4H and 1H OBVs are red
OVERALL::
* My the most favorite breakout trade with a very tight stop-loss
* It's now or never for LINK on my opinion. Everything is here to reach higher price levels.
* We MUST go significantly higher $25 level to confirm the transition to another phase
Note
We can see 1H OBV being Green as i expected. That's giving us more chanses to go up higherNote
That was a shakeout of margin traders
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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.
Related publications
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.