LINK / USDT (Binance Futures) swing trade for 140-200%
LINK / USDT is forming a nice potential set up here. There is decent profit potential whether it goes up or down.
Once I enter I will be putting a stop loss at around -2%. Spot move for this should be 10% to the upside. 7% to the down side (with potential 2 potential targets lower). I will be using 20X leverage on this, so I will be quick to take profits. At take profit #1 I will dump 75% of this trade. Anything beyond that is bonus.
On a break up:
Enter long at $3.51
Take Profit at $3.88
On a break down:
Enter short at $3.09
Take profit #1 at $2.87
Take profit #2 at $2.56
Take Profit #3 at $2.43
Once I enter I will be putting a stop loss at around -2%. Spot move for this should be 10% to the upside. 7% to the down side (with potential 2 potential targets lower). I will be using 20X leverage on this, so I will be quick to take profits. At take profit #1 I will dump 75% of this trade. Anything beyond that is bonus.
On a break up:
Enter long at $3.51
Take Profit at $3.88
On a break down:
Enter short at $3.09
Take profit #1 at $2.87
Take profit #2 at $2.56
Take Profit #3 at $2.43
Note
Well, looks like it's a go on LINK / USDT. I just hit my entry target. With Bitcoin closing above a whole bunch of EMA's on the 4hr chart, it looks like the bulls are trying to close the week above the 100 SMA. Let's see where we are in 8-12 hrs from now.
Note
Here is Bitcoin on the 4 hr chart looking short term bullish. coinigy.com/s/i/5e9344a26b41b/Note
Got stopped out on the last go around. I'm in it again profitable with a stop loss set to break even. Let's see how this plays out. I may decide to just take my profits and run. Note
I exited at $3.78.I imagine this trade will eventually complete it's way up to my target at $3.88, but I took my profits and walked away for now.
Final tally was + 153% on this trade.
Note
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Note
Topped out $.03 over my target. Nailed it! Personally I never re-entered after my exit at $3.78. Analysis was on point though.
I will post more set-ups soon.
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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.