LINK has been trading in the range 5.5-9.5 for quite some time. There is no sign of breaking the pattern downward. And it is pretty safe to enter a trade here.
The plan is to buy at 5.5 and sell at 9.5, trade the range. In the worst-case scenario, LINK broke the $5 mark downward, and we take our losses and get out.
Entry: 5.5x-5.6x
Sl: 4.9x
Tp: 9.5
Remember, always trade at your own risk, and never risk more than you can afford to lose.
The plan is to buy at 5.5 and sell at 9.5, trade the range. In the worst-case scenario, LINK broke the $5 mark downward, and we take our losses and get out.
Entry: 5.5x-5.6x
Sl: 4.9x
Tp: 9.5
Remember, always trade at your own risk, and never risk more than you can afford to lose.
Comment:
Scalper should take some profits and rebuy at $5.7. Long term holders shouldn't be concern by the noises made by the market in the next few days.
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