LINKUSDT - On a verge of another leg up
* DON'T BE AN IDiOT AND THiNK FOR YOURSELF!
* THiS iS NOT A FiNANCiAL ADVICE!
TRADE:: LINK_02_02052021
STATUS:: Contemplating entry point. I have to see a nice compession with a couple of 1H lower wicks in combine with higher highs to avoid fakoeouts.
TYPE:: Long
PATTERN:: Consolidation Flat
SIGNAL:: 4H MFI Breakout
FILTER:: 1H OBV
VOLUME:: $21000
ENTRY:: around 27.19-27.30
SL:: 26.72
TP1:: 32
TP2:: 40
R/R:: 27
RISK:: $420
REWARD:: $5000-$7000
PROS::
1. 20 Days of accumulation in $26-$20 area
2. 4H MFI breakout is enoung strong signal to place a bigger bet
CONS::
1. I was shaken out at $24 price level and just want to get back in. I should've bought back previous low, so entering now is much more risky
OVERALL::
* Upward pressure to continue
* Strong 4H MFI signal
* Phoenix indicator shows enough room to reach $32-$40 levels
* Dangerous breakout trade at the top
* THiS iS NOT A FiNANCiAL ADVICE!
TRADE:: LINK_02_02052021
STATUS:: Contemplating entry point. I have to see a nice compession with a couple of 1H lower wicks in combine with higher highs to avoid fakoeouts.
TYPE:: Long
PATTERN:: Consolidation Flat
SIGNAL:: 4H MFI Breakout
FILTER:: 1H OBV
VOLUME:: $21000
ENTRY:: around 27.19-27.30
SL:: 26.72
TP1:: 32
TP2:: 40
R/R:: 27
RISK:: $420
REWARD:: $5000-$7000
PROS::
1. 20 Days of accumulation in $26-$20 area
2. 4H MFI breakout is enoung strong signal to place a bigger bet
CONS::
1. I was shaken out at $24 price level and just want to get back in. I should've bought back previous low, so entering now is much more risky
OVERALL::
* Upward pressure to continue
* Strong 4H MFI signal
* Phoenix indicator shows enough room to reach $32-$40 levels
* Dangerous breakout trade at the top
Comment:
Guys, the setup is invalidated! I will place another trade soon!
