Bulls should to take control of LINK for the next 24-48h
Disclaimer: This is not financial advice
In high leverage trading your entry is a matter of life or death, you need to have patience and to not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. Our aim is to capture quick & safe profits, not to predict the future, this is possible only if we fight for a good entry. So if you're nervous and itching to open a position then take a few deep breaths and don't trade!
Yesterday we were short LINK with TP1 14 (Tradingview removed my analysis because it turns out I had broken some house rules), now 14 is holding quite well so far and after today I expect this area to hold short term. Not just that, LINK could very well form a range here between 12 and 17. Anywhere between 14 and 12 is a longs' area, the lower 12.xx is perfect for high leverage longs targeting 14, 16 and 17. I wouldn't short here and would be looking to take profit on any open shorts if I haven't yet. We are looking for longs.
Entry: 12-14 (the closer to 12 the higher the leverage you can use) SL: 12 TP1: 16 TP2: 17
In high leverage trading your entry is a matter of life or death, you need to have patience and to not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. Our aim is to capture quick & safe profits, not to predict the future, this is possible only if we fight for a good entry. So if you're nervous and itching to open a position then take a few deep breaths and don't trade!
Yesterday we were short LINK with TP1 14 (Tradingview removed my analysis because it turns out I had broken some house rules), now 14 is holding quite well so far and after today I expect this area to hold short term. Not just that, LINK could very well form a range here between 12 and 17. Anywhere between 14 and 12 is a longs' area, the lower 12.xx is perfect for high leverage longs targeting 14, 16 and 17. I wouldn't short here and would be looking to take profit on any open shorts if I haven't yet. We are looking for longs.
Entry: 12-14 (the closer to 12 the higher the leverage you can use) SL: 12 TP1: 16 TP2: 17
Comment:
LINK also seem to be on track for a bounce as we were expecting. If you have opened a very high leverage long (50x, 100x) then you should have already doubled your money so I wouldn't hesitate to take at least some profit and activate trailing stop loss. If you were trading with lower leverage then I'd let this run to at least get closer to our first target at 16. Remember that we don't have a crystal ball so we do not predict the future, we prepare for it. So stay ready.
Trade closed: target reached:
Closed this trade at 16.