R2BTC2

Bullish Continuation for ChainLink

Long
BINANCE:LINKBTC   ChainLink / Bitcoin
Hello dear readers,

Link has been one of the most bullish altcoins this year.
We have come down all the way from the 400% increase from May to July. Now Link is on the way up again.
From the swing low 0.00014 LINK has already increased 80%, Now we can play this out in two options.

#1. We buy into bullish price action right now with a tight stop and hope for the trend to continue.

#2. We wait untill we get a 30-40% retracement and enter for the next wave up.

As we broke above the previous local top resistance of 0.00024, My option will be number 1. But if I get stopped out, I will change the plan to option number two.

Entry: 0.000249
Target: 0.00031 (30%)
Stop: 0.00023 (5%)

Stoploss is a manual stop with a daily close

Enjoy and untill the next one .

Thumbs up if this was helpful.

Trade active: You can see as soon as we broke the 0.618 resistance we skyrocketed up. Trade is going quite well, nearly to the target. But I think we will break that resistance as well. Looking for a pullback to increase my position.

Comments

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