Link short idea

Sep 16, 2023

Hi everyone. As you see in chart link close to resistance area of parallel channel. Short position can give us good profit.

Entry : 6.347
Stop : 6.68
Target : 5.75

Sep 18, 2023

Trade closed: stop reached

my stop point was reached but i still carry position because in btc pair link didint break the resistance as you se below;

Sep 20, 2023

Trade active

still trend was not broken,my position active. position status around -%80.

Sep 21, 2023

Trade active

i think link rejected from the resisitance in btc pair;

Sep 23, 2023

Trade active

link really tried to break the channel as you below. depend on behaviour of price i can close it. but still i think link will decline ...

Sep 24, 2023

Note

i still carry position now -%160. i will close my position near entry point around 6.7

Sep 24, 2023

Trade active

here last situation for link btc graph.i expected stronger reaction from resistance. but it didint happen.

Sep 24, 2023

Trade active

as you see on the graphic, link going in the range .if it close daily candle under the resisitance i will keep position until %70 profit.

Sep 27, 2023

Note

im still in position. stiuation is - %198 .

Sep 29, 2023

Trade active

still carrying position. situation is -%300.

Oct 1, 2023

Note

still in position. situation is -%320. BUT i started to think ascending channel brooken and if it continues to dump, can be seen 5.6 or 6 $ in coming days

Oct 5, 2023

Note

still in position. situation is -%250

Oct 9, 2023

Note

still in position. situation is -%150

Oct 11, 2023

Trade active

i added weekly link/btc weekly graph . channel structure still not broken.



i believe link can decrease more in coming days.