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Lucron
Feb 24, 2020 3:59 AM

Nice Short Opportunity on LINK/USDT Short

ChainLink / TetherUSBinance

Description

BINANCE:LINKUSDT

Maybe a bit premature on my entry here but I feel like the risk/reward is there to take this play.
Descending triangles have a higher probability of breaking to the downside, since support keeps getting chipped away.

Link ran up so fast that it failed to stabilize support levels along the way, so there's a lack of structural supports nearby.

I'll risk 5% for a potential 15% gain, any day.

Comment your thoughts below. Happy trading!

Trade closed: target reached

Target reached :)
Comments
Wolfy_
Nicely done good job!
Lucron
@Wolfy_, thank you!
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