ChainlinkUpdated Price action on LINKUSD Oct-Nov 2019
Update on a chart from mid October, LINKUSD price action on the daily chart. Sadly I have forgotten to click on the public button so it was a private idea, I do not upload those to prove myself to anyone, I am not into competition with noone but myself. Just simply following the process of thought and actions I take.
In this case I called a short in Link because of the recent price rejection around $3 USD, but I knew it would only test the support. I entered a short right after I posted (sadly a private chart) and Longed without an update within the Tradigview journal.
The targets were the following:
Date: 10.10.2019
Position: SHORT
Order type: Limit order
Price: $2.58 USD
TP1: $2.38 USD
TP2: $2.20 USD
The LL was created at a level with a good enough price action to be called a support (in my opinion) - lowest price was on 16.10.19 at $2.18 USD. That triggered my long position to take place at $2.20 USD, and I anticipated a slightly HH on the current trend. My take profit was set on $3.17 but was not triggered. I was able to take profits however on $3.14 USD.
The total ROE% is around 23% on the short and 43% on the long positions. I can't be more comfortable with the call than this.
I am longterm extremely bullish and currently in accumulating LINK.
PS: Both the LL and HH were not as precise as I would like them to be, with ~ 0.01USD outside the range.
In this case I called a short in Link because of the recent price rejection around $3 USD, but I knew it would only test the support. I entered a short right after I posted (sadly a private chart) and Longed without an update within the Tradigview journal.
The targets were the following:
Date: 10.10.2019
Position: SHORT
Order type: Limit order
Price: $2.58 USD
TP1: $2.38 USD
TP2: $2.20 USD
The LL was created at a level with a good enough price action to be called a support (in my opinion) - lowest price was on 16.10.19 at $2.18 USD. That triggered my long position to take place at $2.20 USD, and I anticipated a slightly HH on the current trend. My take profit was set on $3.17 but was not triggered. I was able to take profits however on $3.14 USD.
The total ROE% is around 23% on the short and 43% on the long positions. I can't be more comfortable with the call than this.
I am longterm extremely bullish and currently in accumulating LINK.
PS: Both the LL and HH were not as precise as I would like them to be, with ~ 0.01USD outside the range.
Trade closed manually
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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.