Link short idea

Hi everyone. As you see in chart link close to resistance area of parallel channel. Short position can give us good profit.

Entry : 6.347
Stop : 6.68
Target : 5.75

Trade closed: stop reached:

my stop point was reached but i still carry position because in btc pair link didint break the resistance as you se below;

Trade active:

still trend was not broken,my position active. position status around -%80.

Trade active:

i think link rejected from the resisitance in btc pair;

Trade active:

link really tried to break the channel as you below. depend on behaviour of price i can close it. but still i think link will decline ...

Comment:

i still carry position now -%160. i will close my position near entry point around 6.7

Trade active:

here last situation for link btc graph.i expected stronger reaction from resistance. but it didint happen.

Trade active:

as you see on the graphic, link going in the range .if it close daily candle under the resisitance i will keep position until %70 profit.

Comment:

im still in position. stiuation is - %198 .

Trade active:

still carrying position. situation is -%300.

Comment:

still in position. situation is -%320. BUT i started to think ascending channel brooken and if it continues to dump, can be seen 5.6 or 6 $ in coming days

Comment:

still in position. situation is -%250

Comment:

still in position. situation is -%150

Trade active:

i added weekly link/btc weekly graph . channel structure still not broken.

i believe link can decrease more in coming days.