LINK🔗 triangle breakout
Updated
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.
Check my other stuff in related ideas.
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
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👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Note
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 closed: stop reached
SL hit 🛑
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