LINK/BTC 2D (Binance) On big uptrend channel support & wedge
ChainLink is in this parallel channel for almost a year now and I think it will keep growing inside it.
Right now price action is approaching support and giving us a good entry for mid-term growth. Let's hope EMA100 will hold it:
Buy Entry= 0.00033940 - 0.00032500
Take Profit= 0.00038590 | 0.00041990 | 0.00047670
Stop Loss= 0.00027840
Risk/Reward= 1:1 | 1:1.63 | 1:2.69
Expected Profit= 16.16% | 26.40% | 43.50%
Possible Loss= -16.20%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x | 3x | 5x
Right now price action is approaching support and giving us a good entry for mid-term growth. Let's hope EMA100 will hold it:
Buy Entry= 0.00033940 - 0.00032500
Take Profit= 0.00038590 | 0.00041990 | 0.00047670
Stop Loss= 0.00027840
Risk/Reward= 1:1 | 1:1.63 | 1:2.69
Expected Profit= 16.16% | 26.40% | 43.50%
Possible Loss= -16.20%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x | 3x | 5x
Trade active:
Pulled-back after exiting wedge, nice entry point right now on channel support!
Trade closed: target reached:
TP1 hit with +16.16% (80.80% 5x). That's a wrap!
Trade closed: target reached:
TP2, enjoy!
Comment:
This is beautiful, isn't it?! +38.47% from entry, that's 192.35% with 5x in Margin. Don't forget to take some profit!
Trade closed: target reached:
I almost forget that TP3 was reached. That was my last target with +43.50% (217.50% using 5x) so I really recommend you to take profit and lock that to stablecoin like BUSD!
