LINKUSDT | 1HR | Road Map to Mainnet
ANALYSIS:
This support has held since 13 May. If support holds until Mainnet Launch, Price should be between $1.45 - $1.65/
CAREFUL ENTRY:
If you want to get in, Wait for bounce off GREEN support to get a good entry or Look at the BLUE and PURPLE moving averages. get in off a bounce on those lines.
CAPITAL PRESERVATION:
30 May is Mainnet Launch day. History shows dump after launch. Trust me, I have been in many over the years.
MY PLAN:
I will sell in the green box 1 day before mainnet. I will start to use trailing stop loss until it sells.
Now if It keeps going up then all good, your Stop loss will never trigger and you can continue to make money. Just move your Stop losses up
If the price tanks hard, then BOOM! You made the right decision and if you love LINK so much, just get back in off a bounce.
Good luck and hope to see you all on the winning side.
Follow me on twitter: get2knowcrypto I post scalp results daily from manual trading and bot trading.
This support has held since 13 May. If support holds until Mainnet Launch, Price should be between $1.45 - $1.65/
CAREFUL ENTRY:
If you want to get in, Wait for bounce off GREEN support to get a good entry or Look at the BLUE and PURPLE moving averages. get in off a bounce on those lines.
CAPITAL PRESERVATION:
30 May is Mainnet Launch day. History shows dump after launch. Trust me, I have been in many over the years.
MY PLAN:
I will sell in the green box 1 day before mainnet. I will start to use trailing stop loss until it sells.
Now if It keeps going up then all good, your Stop loss will never trigger and you can continue to make money. Just move your Stop losses up
If the price tanks hard, then BOOM! You made the right decision and if you love LINK so much, just get back in off a bounce.
Good luck and hope to see you all on the winning side.
Follow me on twitter: get2knowcrypto I post scalp results daily from manual trading and bot trading.
Closing the loop on the results of using the wyckoff trading method on the 1HR. I've used this method many of times and works great but in this situation, LINK was brewing up for the mainnet so there was a lot of emotion evolved:
What worked:
**The price tanked at launch just as suspected from the history of Mainnet launches
Phase A and the beginning of Phase B hit the supports and resistances
Price did hit the top resistance
What didn't work:
The rest of the phases didn't follow the road map. pretty much went sideways
Price didn't stay on the long support for long
The price never hit the target range I thought.
Thank you.