LINK-USD: DARK HORSE NEEDS SOME REST??
Reason for short:
- Consolidation so long below key resistance and forming a rising wedge.
- Double top possibility on LTF.
- As long as no daily above 5.0$, coinciding with a possible retrade on alts market, I expect a 15% to 20% drop for LINKUSD.
* How to play:
- Short the blue with DCA method and manual SL if a daily or 2 close above 5.0x.
- Partially profit taking with yellow labels and trailing stops triggered after 4.5 broken.
- Average stoploss is about 3,7% for a RR of 4,8. Trade with low or non leverage is recommended.
Good luck and dont forget to click "Like".
* Credit to our great friend Jay.
- Consolidation so long below key resistance and forming a rising wedge.
- Double top possibility on LTF.
- As long as no daily above 5.0$, coinciding with a possible retrade on alts market, I expect a 15% to 20% drop for LINKUSD.
* How to play:
- Short the blue with DCA method and manual SL if a daily or 2 close above 5.0x.
- Partially profit taking with yellow labels and trailing stops triggered after 4.5 broken.
- Average stoploss is about 3,7% for a RR of 4,8. Trade with low or non leverage is recommended.
Good luck and dont forget to click "Like".
* Credit to our great friend Jay.
Comment:
Played out and done. Trade closed. Cheers guys!