LINK/USD - Ascending Triangle Scalp for 79.7% Profit

Aloha Wednesday Traders! Hope everyone is having a fantastic day today! So much excitement and entertainment in the world these days and so many day trading opportunities in the cryptosphere!

Link is in price discovery and I'm looking to ride the wave a little longer! If we breakout of this ascending triangle with decent volume, then I'm looking for a long scalp!
I am looking for a 30min or 1H closure above resistance before entering. I prefer to enter after upon a retest of broken resistance, after closing above resistance of the top side of the ascending triangle.
Thank you LINK technology and LINK bulls for all the profits! LINK ROCKS!

Have a wonderful day and follow this channel now for regular crypto day trading analysis!

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Entry: 6.33520000
Entry Zone: 6.27 - 6.40

T1: 6.41
T2: 6.49
T3: 6.65
T4: 6.74
T5: 6.84

Stop: 6.18053464

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R:R: 3.26
Risk: 2.44%
Reward: 7.97%
Leverage: 10X
Leveraged Risk: 24.4%
Leveraged Reward: 79.7%


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This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my trade ideas and are intended for educational purposes only.

Comment:

Seeing some Bullish Divergence on the 30min! Come one bullz, let's give another push!

Comment:

We can see here the 2H red 10SMA holding as support for now. If we start closing below the red 10SMA, then we'll likely see a nice little pullback down to 5.84-5.95 zone (the white circle).

Comment:

The 45m 21EMA (yellow line) has not yet been closed below. We could see a touch of that support zone before blast off to new ATH! I am looking at entering upon a test of this support line and having a tight stop loss not too far below it! The would provide a better risk:reward setup than the original setup and have a higher profit potential!

Comment:

Setup was valid, but I did not get the entry I was hoping for!!!

T1: 6.41 - HIT!!! (11.8% Gain)
T2: 6.49 - HIT!!! (24.43% Gain)

Let's get this crypto!

Comment:

Here we have a re-test!