LINK - Breakout of Ascending Triangle. LINK/USDT
LINK breakout of ascending triangle. In Price DIscovery, profit taking targets 25-40%, if market trend continues, take 3rd or half profits, let ride to 60-80% profit targets. Expect small pullback. Trade invalidated at 8-10% Stop Loss. Looking for strong momentum up.
Position: Long LINK at 20.03 half position (5% of portfolio)
Crypto 2021 Strategy notes:
I enter trades in 5 and 10% positions (of total trading portolio). If possible I look to add to succesful positions to a max of 25% total of portfolio.
For this cryptocurrency 2021 bull market, my profit taking targets are around 40-50%, in quarters, thirds or sometimes halfs. I look for 80-100% gains for further profit taking.
Depending on the coin and cycle of its pumps, I hold some of my position through 100-200-300% returns on the lucky ones, taking profits on the way up. ($LUNA, $ADA)
Position: Long LINK at 20.03 half position (5% of portfolio)
Crypto 2021 Strategy notes:
I enter trades in 5 and 10% positions (of total trading portolio). If possible I look to add to succesful positions to a max of 25% total of portfolio.
For this cryptocurrency 2021 bull market, my profit taking targets are around 40-50%, in quarters, thirds or sometimes halfs. I look for 80-100% gains for further profit taking.
Depending on the coin and cycle of its pumps, I hold some of my position through 100-200-300% returns on the lucky ones, taking profits on the way up. ($LUNA, $ADA)
@eddietradezz