We are in a range between $15.1 and $16.5 currently.
If we break $16.5 I can see $18+ again.
If we fail $15.1 I see a drop to at least $13.1.
Neutrual right now until I see a level hold as support/resistance.
Shorting Chainlink is suicide right now. We are in full price discovery..
This is how I'm playing the levels and will re-evaluate if we drop back to lower blacks outlined below.
Always a good idea to take profits at this level or tighten stops and reenter.
Bitcoin right back in the range I had mapped before the break out.
Rince and repeat.
Conviction up I'll long and short I'll sell.
Caught about 20% of that rogue wick back down yesterday. Unfortunately had my take profits set a tade early...........
Did not expect a 1.7k wick :-)
Long above "upper black" or short below "lower black."
Don't over complicate your trading.
Keep it simple and stay patient and take profits and move stops when the market moves in your direction.
I have my stop orders in place. Join me in trading it on PrimeXBT. Feel free to DM me for a referrel link and 50% off trade fees.
Cheers and happy Monday!
XRP and a great 6% move over the last 2 days.
My momentum indicators are turning red and looking like it needs to retrace a bit for some more fuel.
Lower black holds, I think we get a nice push up past local highs if bitcoin behaves.