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DeNomics
Oct 21, 2020 9:43 PM

ChainLink recovery time? Long

ChainLink / TetherUS PERPETUAL CONTRACTBinance

Description

On my Monday night Live session with the team i hand picked a bunch of alt coins i was trading on Binance futures and Chainlink was one I was watching closely.
Took an extra in the alert zone but only got one position filled as i was expecting a touch on trend for a better confirmation.

I ended up closing my position early this morning with a close on previous structure however i still feel this will go higher.
With BTC moving right now and the LINK/BTC chart showing signs of hitting the long term growth trend im expecting a descent recovery in sat value as well so feel the LINK/USDT chart has a lot more upside to give just yet.

Mid term target right now would be the supply block around $12 for now before taking another breather, let see how it goes.

Trade closed: target reached

Done and dusted, perfect entry from Monday nights Live call and perfect close only 4 days later.
Im out of Link now so looking for a new set up once bitty settles down

Trade closed manually

I closed this trade early but it has hit the final target and starting to consolidate.
It made it further past the zone than i was thinking so doubtful it will pull back to trend now and will most likely break out of this consolidation again soon

Comment

for now this trade is over for me and ill be looking for a new set up soon
Comments
Saeed966
Nice
DeNomics
@Saeed966, thank you, it was a little disappointing to get closed out early but ill be looking to have another crack at this soon if it comes back to Trend
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