KRAKEN:LINKETH   Chainlink / Ethereum
LINK has made 2 consecutive closes above the 4H 10MA

It nearly hit all time lows support level (line A)

It is to the right of the major green trend line (definitely significantly bullish)
It is above the minor orange trend line (which might be an invalid shorter term line)

(4H): V shape with high close followed by very low range blue candle showing the high close was not attacked by bears, looks like a bottom was formed. I was initially skeptical of this bottom shape though as this can look like a bottom but not be, but it does qualify as a good bottom shape in my opinion.

Volume has been low still, but this might not be significant as most LINK might be traded vs. the USD at Kraken.

Trading Plan:
Make 5 "aggressive entries" - one at each of the next 5 "qualifying trade setups" including:
1. 2 consec closes above 50MA,
2. hitting the Line A support (x3 size as definitely valid trade)
3. low volatility around Line A support,
4. breaking back above Line A support,
5. break above .0046202 (recent swing high on this break above 10MA)

Make 5 "adding" entries after trade is "working" to be determined by:
1. crossing line B
2. 2 consec closes above line B
3. crossing line C
4. crossing line D
5. consolidating above line D (x3 as this is definitely an "end" of the bottoming of LINK as long as price stays above it)

Stop of Trade:
10% max loss set below each position entry


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