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Feb 12, 2024 1:45 PM

#LINK/USDT 1h (OKX Futures) Ascending wedge on resistance Short

OKX:LINKUSDT.P60
LINKUSDT Perpetual Swap ContractOKX

Description

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ChainLink printed two shooting stars in a row and seems likely to retrace down to 200MA support.

⚡️⚡️ #LINK/USDT ⚡️⚡️
Exchanges: OKX Futures
Signal Type: Regular (Short)
Leverage: Isolated (5.6X)
Amount: 5.0%

Current Price:
20.219

Entry Targets:
1) 20.449

Take-Profit Targets:
1) 19.002

Stop Targets:
1) 21.174

Published By: @Zblaba

CRYPTOCAP:LINK OKX:LINKUSDT.P #ChainLink #DeFi #Oracle chain.link

Risk/Reward= 1:2.0
Expected Profit= +39.6%
Possible Loss= -19.9%
Estimated Gaintime= 2-4 days

Trade active

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OKX Futures
BINANCE:LINKUSDT.P All entry targets achieved
Average Entry Price: 20.449 💵

CRYPTOCAP:LINK is pulling back to entry, let's see if gets rejected as expected.

Comment

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⚡️⚡️ BINANCE:LINKUSDT.P ⚡️⚡️
Exchanges: OKX Futures
Signal Type: Regular (Short)
Leverage: Isolated (5.6X)
Amount: 5.0%

Entry Targets:
1) 20.449 ✅

Take-Profit Targets:
1) 19.002

Stop Targets:
1) 20.449

Published By: @Zblaba

CRYPTOCAP:LINK is going down as planned so far after retesting the wedge resistance, already halfway to TP, time to secure SL at BE.

Trade closed manually

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OKX Futures
BINANCE:LINKUSDT.P Stop Target Hit ⛔️
Profit: 0.0%

CRYPTOCAP:LINK bounced back and kicked us out at Entry, you may stick with original SL if you are still in.

Comment

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BINANCE:LINKUSDT.P 2h

CRYPTOCAP:LINK is going back down and approaching the TP, congrats if you held short!

Comment

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OKX:LINKUSDT.P 2h

CRYPTOCAP:LINK finally dumped enough to hit TP, what a ride!

Support and ResistanceWedgeMoving AverageschainlinkLINKLINKUSDTDEFIsmartcontractfibretracementoracleweb3RWA
Comments
MyCryptoParadise_Nathan
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Great call on ChainLink's potential retracement! Your analysis on the shooting stars and the 200MA support seems spot on
TradingOn
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@MyCryptoParadise_Nathan, thanks for your positive feedback, it is going down as planned so far indeed. Have to admit it was not easy to share such a bearish bias when almost everybody was bullish, but this is what hedging is for!
kitabi
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is conform ?
TradingOn
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@kitabi, what do you mean?
sgti
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@kitabi wait 25
TradingOn
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@sgti, good thing we did not wait.
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