LINK to 30, possibly 46 (Log Scale)
Bull market is here. looks like an ABC correction with capitulation in late December down to $8.00. relaimed major support at $12. Fib extention puts the 1.618 at $30 the 2.618 at 45.
I will be taking some profit at 30 and the rest at 45.
Volume looks strong, not much overhead resistance, and then we'll be in price discovery.
I will be taking some profit at 30 and the rest at 45.
Volume looks strong, not much overhead resistance, and then we'll be in price discovery.
Note
Coin: LINK/USDTPStarting Margin: 3x
Price: $13.10
Target: $30.07
Stop Loss: $11.83
TimeFrame: 4h
Risk/Reward: 13.87
Estimated Time to Play Out: 4 weeks
Real $ & % Exposure: X & 28%
Scale Up Margin: Increase margin to 5x after $16, scale up to 7x once in discovery phase.
Support: $12
Resistance(s):$13.40, $15.80, $20
What does the chart say? RSI screaming bullish. Alt season is almost here. profits from btc will flow to LINK. been consolidating at $12 for a while. Gonna rip when it does. parabolic type rip
Profit Taking: 75% at $30, 25% to $45.80
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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.